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The price of a seller's product in perfect competition is determined by
Travel Expenses
Costs associated with traveling for the purpose of conducting business-related activities.
Customers Served
The total number of customers who have been provided with a product or service.
Spending Variance
The variance between the anticipated budget for expenses and the actual expenditure incurred.
Net Operating Income
The profit generated from a company's everyday business operations, excluding expenses and revenues from non-operational activities.
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