Examlex
A libertarian would not be averse to mandating changes to the distribution of society's goods or to interfering in the workings of a free market.
Corn Producer
An entity or individual involved in the cultivation and production of corn crops.
Economic Profit
The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.
Total Costs
The aggregate amount of all expenses associated with the production of a good or service, including both fixed and variable costs.
Implicit Costs
These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.
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