Examlex
Which of the following is a disadvantage of a sole proprietorship:
Marginal Benefit
The additional satisfaction or utility received from consuming one more unit of a good or service.
Total Profit
The total amount of money gained from a business activity after all expenses and costs have been subtracted from total revenue.
Margin
The difference between the selling price of a product and the cost of producing it, often expressed as a percentage of the selling price.
Optimal Quantity
The quantity of a good or service that maximizes efficiency or utility, often where marginal cost meets marginal benefit.
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