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In the long run, import quotas increase net exports.
Marginal Revenue
The supplementary income generated from the sale of an additional good or service by a firm.
Total Revenue
The entire amount of income generated by the sale of goods or services by a firm.
Market Price
The prevailing rate at which a product or service is available for purchase or sale in a market driven by competition.
Marginal Revenue
Marginal revenue is the additional income received from selling one more unit of a good or service.
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