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The Elements for a Valid Contract Do NOT Include

question 38

Multiple Choice

The elements for a valid contract do NOT include:


Definitions:

Price

The amount of money expected, required, or given in payment for something.

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.

Total Revenue

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Maximum

The highest achievable level or value under specified conditions.

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