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Bulk processing options can have a detrimental effect on performance.
Industry
A category of business activity that produces goods or provides services, categorized by their focus and processes.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good affects the overall cost of production.
Joint Monthly Profit
The combined profit earned by two or more partners or businesses in a single month.
Cartel
An organization of sellers designed to coordinate supply and price decisions so that the joint profits of the members will be maximized. A cartel will seek to create a monopoly in the market for its product.
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