Examlex
Find the determinant of the matrix.
Marginal Cost
The cost of producing one additional unit of a good or service, reflecting changes in variable costs.
Cartel
An agreement among competing businesses to control prices or exclude entry of a new competitor in the market, aiming at maximizing their profits collectively.
Fixed Cost
Costs that do not vary with the level of output produced, such as rent, salaries, and some utilities.
Cartel
A group of manufacturers or suppliers formed to keep prices high and limit competition.
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