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To be admissible as evidence, confessions and statements must be made ________ and freely.
Losing Money
The process where expenses exceed revenues, resulting in financial loss for a business or individual.
Shutdown
The process of ceasing operations, either temporarily or permanently, often as a result of economic difficulties or strategic business decisions.
Long-run Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied over a long period, when all inputs can be varied.
Profit per Unit
Is the difference between the selling price of a product and the cost to produce it, expressed on a per-unit basis.
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