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Marginal Revenue
The supplementary earnings received from the sale of one extra unit of a good or service.
Monopoly Power
Monopoly power refers to the ability of a company or entity to control the supply of a good or service, and to significantly influence the terms and price under which it is sold.
Marginal Cost
The extra financial burden of producing another unit of a good or service.
Monopoly Power
The ability of a single seller to control market prices and output in a particular industry.
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