Examlex
Members of Congress may switch representation types multiple times per day and these switches depend on several factors. Name three factors.
Marginal Cost
The extra cost involved in producing one more unit of a product or service.
Cartel
An association of independent companies or organizations formed to control production, pricing, and marketing of goods to suppress competition.
Perfectly Competitive
A market structure where there are many buyers and sellers, goods are homogeneous, and there is free entry and exit in the market.
Marginal Cost
The boost in overall cost that comes from generating one extra unit of a product or service.
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