Examlex
Match the person or term with the with the correct description.
-Antietam
Marginal Costs
The change in total cost that comes from making or producing one additional item.
MC Curve
A graph representing the marginal cost of producing each additional unit of output in a firm or economy.
Monopolist
A monopolist is a sole provider of a good or service in a market, possessing significant control over prices and market conditions due to lack of competition.
Total Costs
The complete sum of expenses for the creation of goods or the delivering of services, including both unchanging and variable costs.
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