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Under the plain view doctrine, an officer viewing illegal drugs on a coffee table while executing an arrest warrant may seize the drugs.
Total Revenue
Total earnings from business activities such as selling goods or providing services, before removing any operational costs.
Barrier To Entry
Elements that create barriers or obstacles, making it difficult for new entrants to join a particular market or business sector.
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases leading to a reduction in average costs.
Long-Run Average Cost
The average cost per unit of output when all inputs, including capital, are variable and optimized.
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