Examlex
The density of nitrogen is equal to that of carbon monoxide at STP.
Economic Profits
The profit a company makes after deducting both its explicit and implicit costs, differing from accounting profits.
Marginal Costs
The price increase associated with the creation of an extra unit of a product or service.
Average Total Costs
The total costs of production (fixed and variable costs combined) divided by the quantity of output produced.
Competitive Retail
Retail markets characterized by the presence of multiple sellers, leading to competitive pricing and variety for consumers.
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