Examlex
Which country was the first in the world to legalize same-sex marriage?
Profit Per Unit
The amount of profit earned by selling one unit of a product or service.
Natural Monopoly
A market condition where a single supplier is most efficient in producing a good or service due to high initial costs and substantial economies of scale.
Marginal Cost
The augmentation in cumulative costs linked with generating an extra unit of a product or service.
Average Cost
The overall expense of manufacturing split by the quantity of units made.
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