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Why does a business firm require long-term sources of funds?
Downward Sloping
Refers to a graph line that shows a decrease in price leading to an increase in demand, commonly illustrated in supply and demand curves.
Economic Profits
Profit or loss calculated by subtracting total costs, including opportunity costs, from total revenues to determine overall effectiveness.
Average Rate
The mean quantity or figure computed by dividing the sum of all measured quantities by the number of quantities.
Above Average Profits
Earnings that exceed the norm for a particular industry or sector, often resulting from competitive advantages or efficient operations.
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