Examlex
A police officer can search a suspect if the officer has a search warrant or if the search is ______________
Marginal Revenue
The increase in earnings resulting from the sale of one extra good or service.
Economic Profit
the difference between total revenue and total opportunity costs; a measure of profit beyond the normal return on investment.
Marginal Cost
The addition to total cost from producing one additional unit of a product.
Perfectly Competitive Firm
A perfectly competitive firm operates in a market where there are many buyers and sellers, the product is homogenous, and there is free entry and exit from the market.
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