Examlex
All of the following would be considered an entry type in a data dictionary notation EXCEPT
Economic Profits
The difference between a firm's total revenues and its total economic costs, where economic costs include both explicit and implicit costs.
Perfectly Competitive
In a perfectly competitive market, there are many buyers and sellers, the products are homogenous, and no single entity can influence the market price.
Demand Rises
Occurs when there is an increase in the quantity of a good or service that consumers are willing and able to purchase at a given price.
Economic Profit
The disparity measure in between overall returns and full expenses, including both exposed and indirect costs.
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