Examlex
If variable cost is $15 million,fixed cost is $14 million,and total revenues are $13 million,in the short run the firm will _____ and in the long run the firm will ____.
Onerous Exemption Clause
A term in a contract that imposes heavy obligations on one party, which may be difficult to fulfill.
Aggrieved Purchaser
A buyer who has suffered because of a breach of contract or misrepresentation during a purchase.
Fundamental Breach
A severe violation of a contract that justifies the aggrieved party's right to terminate the agreement and seek damages.
Condition
An essential term of a contract.
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