Examlex
Effective price discrimination will enable a perfectly competitive firm to earn positive economic profits in both the short run and the long run.
Construction
The process or industry involved in assembling infrastructure or building structures from individual components.
Tournament Pay
A form of compensation in which the top performer (or performers) receives much higher rewards than do other competitors, even if the others perform at only a slightly lower level.
Compensating Differential
Additional payment or benefit given to an employee to offset or compensate for undesirable aspects of a job.
Base Pay
The initial rate of compensation that an employee receives before any bonuses, benefits, or raises are added.
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