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A cosmetics company owns a patent for a particular kind of shampoo, which is a bestseller in the market. It enables the firm to extract a high level of discretion over product pricing. The patent for the shampoo is an example of a firm's _____ resource.
Marginal Cost
The escalation in aggregate cost linked to the fabrication of an extra item of a good or service.
Free Products
Products that are provided to consumers without monetary charge, often used as a business strategy to attract users or customers.
Firms
Businesses or enterprises that engage in commercial, industrial, or professional activities, whether for profit or not.
Society
A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.
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