Examlex
How can you tell the relative age of a mountain by its physical features?
Oligopolistic Market
A commercial structure distinguished by a select few corporations having considerable sway over the determination of market prices and the nature of competition.
Economic Profit
The surplus left after subtracting both explicit and implicit costs from total revenue; measures the true profitability of an enterprise beyond accounting profit.
Marginal Cost
Marginal cost is the additional cost incurred by producing one more unit of a good or service.
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