Examlex
Which element was included in the Charter because of eight premiers' concerns about the courts having final say over human rights?
Natural Monopoly
A market condition in which a single firm can supply a product or service to an entire market at a lower cost than what would be possible if there were multiple firms.
Economies Of Scale
The cost advantage that arises with increased output of a product, as fixed costs are spread out over more units of production.
Total Demand
The entire quantity of a product or service that consumers in a market are willing and able to purchase at various prices.
Marginal Revenue
The additional revenue that a firm receives from selling one extra unit of a product or service.
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