Examlex
Which finding for a young adult who follows a vegan diet may indicate the need for cobalamin supplementation?
Deadweight Loss
A decrease in economic efficiency occurring when a good or service does not reach its free market equilibrium.
Economic Profits
The difference between total revenue and total economic costs (including both explicit and implicit costs), representing the additional income above the opportunity cost.
Monopoly
A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where the entry of new firms is hindered.
Monopolist's Profit
The excess revenue a monopolist earns over its costs, attributable to its ability to set prices above competitive levels due to lack of competition.
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