Examlex
Which of the following is a basic type of resource supplied by a household?
Market Price
The current price at which an asset or service can be bought or sold in a competitive market.
Profit
The profit earned when the total income surpasses all the expenditures, costs, and taxes necessary for maintaining the business.
Profit-Maximizing
A strategy or approach taken by firms to achieve the highest possible profit from their operations.
Market Price
The existing rate at which an item or service is offered for buying or selling on the market.
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