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Which of the following is not a major helper activity during encouragement?
Natural-Monopoly Situation
A market condition in which a single firm can produce output at a lower cost than can multiple firms, leading to a monopoly justified by efficiencies of scale.
Implicit Costs
The opportunity costs that arise from using resources that a business already owns rather than earning revenue from those resources elsewhere.
Explicit Costs
Direct, out-of-pocket expenses incurred in conducting a business activity, such as wages, rent, and materials.
Economic Profits
Profits earned by a company after accounting for both explicit (direct) and implicit (opportunity) costs.
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