Examlex
Mercury barometer readings must be corrected for all of the following factors,except:
Marginal Cost
The increase in total cost that arises from producing an extra unit of output.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their profits illegally or unethically.
Collusive Agreements
Arrangements or agreements, often illegal, between competing firms to limit competition, control prices, or divide markets among themselves.
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