Examlex
All of the following are basic functionality provided by web servers except:
Accounting Profits
The financial gain calculated by subtracting total expenses from total revenues, according to standard accounting practices.
Long-Run Equilibrium
The state in which all factors of production and costs are variable, and firms earn normal profits in a competitive market.
Competitive Firm
A firm operating in a market with many competitors, where prices are determined by supply and demand forces.
Economic Profits
The difference between total revenue and total economic costs (including both explicit and implicit costs), representing surplus or profit not achievable in perfect competition.
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