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Hunting and gathering societies
Exit
The act of leaving or withdrawing from a situation, market, or agreement, often used in the context of businesses ceasing operations or investors selling off their stake.
Average Total Cost
The total cost of production divided by the number of units produced, indicating the cost per unit of output.
Profit-maximizing
A strategy or approach that aims to achieve the highest possible profit from business activities.
Marginal Revenue
The revenue increase from selling an additional good or service unit.
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