Examlex
When company A and company B combine to form company C, the action is referred to as a merger or an acquisition.
Marginal Cost
The alteration in the overall cost of production that occurs with each additional unit produced.
Total Revenue
The amount a firm receives for the sale of its output.
Nash Equilibrium
A concept within game theory where no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged.
Profit-Maximizing
The process by which a firm determines the price and output level that returns the maximum profit.
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