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Small businesses do not have to worry about data breaches.
Perfectly Competitive
A market structure characterized by many small firms, identical products, free entry and exit, and full information, leading to firms being price takers.
Marginal Cost
The additional cost incurred from making one more unit of a good or service.
Optimal-output
The level of production that maximizes a firm's profit, where marginal cost equals marginal revenue.
Break-even
The point at which cost or expenses and revenue are equal, resulting in neither profit nor loss.
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