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Economic Losses
Financial deficits incurred by businesses, individuals, or governments due to economic downturns or adverse market conditions.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit; essentially, the cost of producing one additional unit of a good.
Standby Customers
Customers who are available to purchase or subscribe to a service on an as-needed basis, often used in context with utilities or telecommunications.
Profit
The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
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