Examlex
The first Apollo missions to the Moon found the maria to be plains of solid lava.
Excise Tax
A tax imposed on specific goods and services, such as tobacco, gasoline, and alcohol, often used to discourage their use and generate revenue.
Restrictions on Advertising
Regulations or limitations placed on the content, timing, and medium of advertising to protect consumers and promote fair competition.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.
Monopolistic Competition
A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.
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