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(Last Word) A caller to a radio talk show states that protesters against globalization are a collection of "anarchist punks, naïve college students, and trade union radicals." This is an example of
Daily Profit
The net earnings calculated after subtracting total expenses from total revenues generated within a single day.
Capacity
The maximum output or producing ability of a facility, machine, firm, or economy.
Reaction Function
A concept in game theory and economics that specifies how one player's strategy changes in response to the strategy of another player.
Demand Function
An illustrative model that displays the amount of a product buyers are prepared and capable of buying at different price levels.
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