Examlex
_________ represent logical and possible sequences of positions that could be held,based on an analysis of what people actually do in an organization.
Barriers To Entry
Factors that make it difficult for new competitors to enter a market.
Net Social Cost
The total monetary cost of the negative externalities produced by an activity or production, minus any benefits.
Rent-Seeking Behavior
Activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.
Profits
The financial gain realized when the revenue from selling goods or services exceeds the costs of production.
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