Examlex
__________ results from using sophisticated software to search through internal and external data to spot patterns.
Marginal Cost
The cost of producing one additional unit of a good or service, taking into account factors that vary with production levels.
Average Cost
The total cost of production divided by the number of units produced, indicating the cost per unit of output.
Rent-Seeking Behavior
Activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulating the social or political environment.
Net Social Gain
The total benefit to society from producing and consuming a good or service, taking into account both the private benefits and costs and any external benefits or costs.
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