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Total income is more evenly distributed than labor income.
Fast-Food Industry
The fast-food industry comprises businesses that serve quick service food items over the counter or via drive-thrus, often emphasizing speed, convenience, and affordability.
Marginal Revenue
The additional income generated from selling one more unit of a good or service.
Total Revenue
Total Revenue is the full amount of income generated by the sale of goods or services before any costs are deducted.
Perfectly Elastic Demand
Demand in which quantity drops to zero at the slightest increase in price.
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