Examlex
__________ is a nongovernmental organization that serves its customers but does not have profit as an organizational goal.
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity has significant power to influence the market price.
Quantity Demanded
The specific amount of a good or service that consumers are willing and able to purchase at a given price.
Average Revenue
The amount of income generated per unit of sale or, broadly, the total revenue divided by the number of units sold.
Competitive Industry
A competitive industry is one where numerous firms are in competition with each other to sell similar products or services, with none having a dominant market position.
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