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When a good is excludable,
Total Revenue
The aggregate earning of a company from its operational activities, an indicator of its market success.
North American Free Trade Agreement
A trade agreement between Canada, Mexico, and the United States to remove tariffs and facilitate commerce.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of goods, capital, services, and labor among its member states.
Trade Barriers
Measures imposed by governments to restrict or control international trade, often to protect domestic industries.
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