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question 78

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A nomadic people who established a state that included parts of northern China (907-1125) ; a nomadic people who established a state that included parts of northern China (1115-1234) .


Definitions:

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Fixed Cost

Expenses that do not change with the amount of goods or services produced, such as rent, salaries, and insurance premiums.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Industry Price

The general cost at which goods or services are sold within a particular industry, influenced by supply, demand, and competition.

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