Examlex
Judges are protected from damages caused by bad decisions they make on the bench by judicial immunity.
MR
Marginal Revenue is the additional income generated from selling one more unit of a good or service.
Identical Product
Goods or services that are exactly the same in quality, size, and specifications, making them indistinguishable from one another to consumers.
Making a Profit
The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in maintaining the operation.
Taking a Loss
A situation where the sale price of an asset is less than its purchase price, resulting in a financial loss for the seller.
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