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Two limitations of internal control systems are ____________________ and _______________.
Marginal Revenue
is the additional revenue that a firm receives from selling one more unit of a good or service.
Nondiscriminating Pure Monopolist
A monopolist that charges all consumers the same price for its product, regardless of the differences in their willingness to pay.
Marginal Revenue Curves
A graphical representation showing how an additional unit sold affects total revenue, typically sloping downwards for firms with market power.
Nondiscriminating Monopolist
A monopolist who charges the same price for their product to all consumers, rather than adjusting the price based on market segmentation or consumer willingness to pay.
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