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When a member's deviant behavior leads to a positive change in the group norm, it suggests that some deviant behavior can be functional for groups.
Competitive Industry
An industry where numerous firms compete against each other to sell similar products to consumers.
Average Total Cost
The total cost of production (fixed and variable costs) divided by the quantity of output produced.
Marginal Revenue
The augmented income obtained by selling one more unit of a good or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of output.
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