Examlex
Solicitation with the promise of reward is the highest level of sexual harassment.
Competitive Market
A market where there are many buyers and sellers so that no single buyer or seller can influence the price or market conditions.
Economic Profits
The variance between a corporation's total earnings and all its explicit and implicit expenditures.
Zero-profit Equilibrium
A situation in a perfectly competitive market where firms just cover their costs, leaving no surplus for economic profit.
Consumer Preference
The subjective tastes and preferences that influence buyers' choices of goods and services.
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