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Average Revenue
The amount of income generated per unit of sale or average price at which a product is sold.
Demand Curve
An illustrated chart depicting the correlation between a good or service's price and the amount consumers want to buy during a certain period.
Marginal Revenue
The additional income that a firm receives from selling one more unit of a good or service.
Average Revenue
The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.
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