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Desire for improved quality of life is often a motivation for becoming an entrepreneur.
Average Revenue
The amount of revenue generated per unit of output sold, calculated by dividing total revenue by the quantity sold.
Nondiscriminating Pure Monopolist
A market player who is the sole seller of a product or service but charges a single price to all customers without price discrimination.
Average Revenue
The amount of revenue generated per unit of output sold, calculated by dividing total revenue by the quantity of units sold.
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