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A case manager is concerned about his exposure to possible lawsuits.Which of the following are appropriate actions to take to minimize this risk?
Positive Economic Profits
Positive economic profits occur when a firm's total revenues exceed its total costs, inclusive of both explicit and implicit costs.
Monopolist
An entity that is the sole provider of a particular product or service in the market, possessing the power to significantly influence prices and supply.
Maximum Profit
The highest possible financial gain a firm can achieve when all factors of production are optimized.
Memory Company
A business specializing in the production of memory storage devices, such as RAM and flash memory.
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