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To respond to a signal, a cell must have a(n) _______ molecule that can detect the signal.
Implicit Costs
Costs that represent potential benefits foregone when resources are not utilized in their next-best alternative use.
Economic Profit
The financial gain achieved when revenues from business activity exceed the explicit and implicit costs of that activity.
Implicit Costs
Costs that represent the opportunity costs of using resources that the firm already owns, unlike explicit costs which involve direct monetary outlay.
Economic Loss
A decrease in financial wealth, goods, or resources, often as a result of business activities or economic policy decisions.
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