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Which of the following was created by a group of seasoned humanitarian response professionals to improve the quality of humanitarian response and hold organizations and individuals accountable to affected populations, donors, and constituents?
Monopoly Price
The price set by a monopoly, typically higher than in competitive markets, due to the absence of competition.
Economic Profits
Profits exceeding the opportunity costs of all resources used, indicating a return above the normal competition level.
Marginal Revenue
The additional income earned by producing and selling one more unit of a product.
Marginal Costs
The additional cost incurred in producing one more unit of a good or service.
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