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The fact that at the competitive equilibrium nobody can be made better off without making someone else worse off implies that
Selling Price
The amount of money for which a product or service is sold to the customer.
Contribution Margin
The selling price per unit, minus the variable cost per unit, which helps in determining the profitability of products.
Break-even Chart
A graphical representation that shows the point at which total costs and total revenue are equal, indicating no net loss or gain.
Total Revenue
The total amount of money generated by a business from its sales of goods or services before any expenses are subtracted.
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