Examlex
Why are gasoline prices in Canada higher than in the United States
Vertically Integrated
A company's consolidation of all or part of the production process and supply chain within itself, controlling different stages of production usually to increase the company's power in the marketplace.
Competitive Market
A market structure where numerous producers compete to sell their goods or services to many buyers, leading to efficient pricing and innovation.
Market Price
The present cost at which a product or service is available for purchase or sale in the marketplace.
Net Marginal Revenue
The difference between the marginal revenue earned from selling an additional unit of a product or service and the marginal cost of producing that unit.
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