Examlex
If race in the biological sense does not exist, why do scholars think we might still need the concept of race?
Economic Profit
The balance difference between total revenues and complete costs, encompassing both overt and intangible costs.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize profits illegally or unethically.
Marginal Cost
The change in total production cost that comes from making or producing one additional unit of a good or service.
Fixed Cost
Costs that do not change with the level of output produced, such as rent and salaries.
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