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122 The first signs of peer interaction include pointing to or smiling at another infant.
Economic Profit
The difference between the firm’s total revenues and its total costs, including both the explicit and implicit cost components.
Economic Losses
Occur when a company's total costs exceed its total revenues, leading to negative profitability.
Break Even
The point at which total costs and total revenue are equal, resulting in no net gain or loss for a business.
Long-Run Economic Losses
Persistent negative financial outcomes for firms or the economy that occur over an extended period, often due to structural issues.
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