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Steps in the unionizing process typically include all of the following EXCEPT
Economic Profits
Profits exceeding the opportunity costs of all resources used, indicating a return above the normal competition level.
Marginal Revenue
The additional income earned by producing and selling one more unit of a product.
Marginal Costs
The additional cost incurred in producing one more unit of a good or service.
Average Revenue
The amount of income generated per unit of output, calculated by dividing total revenue by the number of units sold.
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