Examlex
A choice made _____ is a choice whether to do a little more or a little less of something.
Marginal Profit
The rise in earnings achieved by selling an extra unit of a product or service.
Market Price
The current price at which an asset or service can be bought or sold in a marketplace.
Competitive
A state of being in which entities vie against each other to achieve a goal, such as market dominance or winning a contest.
Profit-Maximizing
The process or strategy of adjusting operations and resources to achieve the highest possible profit.
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