Examlex
Who ultimately determines the demand for a product or service?
Seller
An individual or entity that offers goods or services to others in exchange for compensation.
Graph
A diagram representing data visually using lines, bars, or other symbols.
Marginal Revenue
The additional financial return from selling a further unit of a good or service.
Marginal Cost
The increase in cost that arises from producing an additional unit of a good or service.
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