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An increase in the price level will
Profit Maximizing
The process by which a company determines the price and output level that generates the maximum profit.
Marginal Cost
The supplementary expense incurred from manufacturing one more unit of a good or service.
Price
The amount of money expected, required, or given in payment for something.
Price Rigidity
Characteristic of oligopolistic markets by which firms are reluctant to change prices even if costs or demands change.
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