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Differentiate between the legal and the moral obligation of employers when it comes to health and safety.
Marginal Revenue
The additional income received from the sale of one more unit of a product or service.
Competitive Market
A market environment where numerous sellers and buyers exist, ensuring no single entity can dictate the price of a product or service.
Revenue
The aggregate revenue from goods sold or services provided that form the main activities of a business.
Profit-Maximizing Firms
Companies that operate with the goal of making the highest possible profit given their resources and market conditions.
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