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Write the quadratic function in standard form.
Economic Profits
Earnings that exceed the total costs of production, including both explicit and implicit costs, indicating an above-normal return on investment.
Demand Curve
A visual representation that maps out the correlation between the price level of a good and how much of it consumers are willing to purchase.
Collusion
A secret or illegal cooperation or conspiracy, especially between businesses to limit competition and raise prices.
Marginal Cost
The financial outlay involved in producing a supplementary unit of a good or service.
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