Examlex
All of the following are characteristics of perfect competition EXCEPT
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life.
Operating Leverage
A measure of how sensitive a company's operating income is to changes in revenue.
Marginal Tax Rate
The rate of tax applied to the next dollar of taxable income, indicating how much tax will be paid on an additional dollar earned.
Operating Cash Flow
A measure of the cash generated by a company's normal business operations.
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