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The text suggests that the best indicator of how fairly employees feel they are being treated may be the degree in which the employees are willing to accept responsibility for behaving fairly in all dealings with their employers.
Marginal Revenue
Extra income gained by disposing of one additional unit of a good or service.
Marginal Cost
The expense associated with manufacturing an extra single unit of a product or service.
Quantity Sold
This refers to the total amount of a product or service that is sold within a given time period.
Perfect Competitor
An idealized market structure in which many firms sell identical products, there is free entry and exit, and all buyers and sellers are fully informed, leading to efficient outcomes.
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