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Diphtheroids
Variable Costs
Costs of production that vary with the level of output, such as raw materials and labor expenses.
Temporarily
For a limited period of time; not permanent.
Short-Run Profits
Earnings that a company makes over a short period of time, not taking into consideration the full costs of production in the long term.
Profit-Maximizing
A strategy or process by which a business aims to achieve the highest possible profits from its operations.
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