Examlex
A(n) _____ refers to money or scrip that is exchanged electronically.
Surplus
When the quantity supplied of a commodity surpasses the quantity demanded, often resulting in a decrease in price to balance the disparity.
Monopolist
An individual or entity that has exclusive control over the production and selling of a particular good or service.
Deadweight Loss
The decrease in economic effectiveness due to the inability to achieve or the unachievable status of market equilibrium for a specific good or service.
Marginal Cost
An elevation in the cumulative expense resulting from manufacturing one more unit of a product or service.
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