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Describe the crisis in Russia starting from 1989.Explain why?
Economic Profits
Profits exceeding the opportunity costs of a company; considered an indicator of efficiency and entrepreneurship.
Average Total Cost
The total cost of production divided by the total quantity of goods produced, representing the cost per unit.
Average Variable Cost
The cost of labor and materials divided by the quantity of output produced, reflecting costs that change with the level of output.
Average Total Cost
The total cost of production divided by the quantity of output produced; it includes both fixed and variable costs.
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