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How might the field of pharmacogenomics affect the future of health care?
Market Price
The current price at which an asset or service can be bought or sold, determined by supply and demand in the marketplace.
Economic Profit
The gap between the complete earnings and the overall expenditure, covering both overt and hidden costs.
Output
The quantity of goods or services produced within a given time period.
TR > TC
A situation where total revenue (TR) is greater than total costs (TC), indicating a company is making a profit from its operations.
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