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What choices does a firm have in using its free cash flow?
Trademark
A symbol, word, or phrase legally registered or established by use as representing a company or product.
Patent
A legal document granting an inventor exclusive rights to produce, use, and sell an invention for a certain period of time.
Average Total Cost
The total cost of production (fixed and variable costs) divided by the number of units produced, representing the cost per unit.
Raw Materials
are the basic materials from which products are made, often used in manufacturing and production processes.
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