Examlex
A 1 mass % saline solution contains 1 g of NaCl plus 99 g of water.
Monopolist
An individual or entity that is the sole provider of a particular good or service, possessing significant control over market prices and output.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like demand, income level, or purchase volume.
Marginal Revenue
The additional income generated from the sale of one more unit of a product or service.
Marginal Cost
A rephrased definition: The expense incurred in the manufacture or production of an additional quantity of a product or service.
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