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Species that live a long life and have only a few offspring,such as humans,can be characterized as
Total Revenue
The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.
Marginal Revenue
The increased earnings from the sale of one extra unit of a good or service.
Average Revenue
The total revenue earned by a firm per unit of output sold.
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity controls the market price.
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