Examlex
"Racial profiling" by law enforcement in which specific racial groups are targeted for questioning or cited more often than other groups for minor infractions, such as illegal lane change, is an example of
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
Upsloping Line
A graphical representation indicating positive correlation between two variables; as one variable increases, so does the other.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and easy entry and exit from the market.
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