Examlex
Steel manufactured to make a car is not counted in aggregate output, but the car that results is counted.
Profits
The financial gain obtained when revenues from sales exceed the costs associated with production and selling the goods or services.
Perfect Price Discrimination
The price discrimination that results when a monopolist charges each consumer the maximum that the consumer is willing to pay.
Marginal Cost
The change in the total cost that arises when the quantity produced is incremented by one unit.
Pay-per-view
a television service in which viewers pay for each individual program they watch.
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