Examlex
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Marginal Cost
The increase or decrease in the total cost that arises from producing one additional unit of a product or service.
Profit
Earnings resulting from conducting business, after subtracting all operational costs, taxes, and expenses from total revenue.
Tacit Collusion
An unspoken, informal agreement among competitors to avoid certain competitive behaviors, like price undercutting.
Product Differentiation
A marketing strategy that businesses use to distinguish their products from similar offerings in the market through unique features, quality, or branding.
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