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Which is the stronger acid, cyclohexanol or 2-fluorocyclohexan-1-ol?
Maximum Earning
The highest possible income or profit that an entity or individual can achieve under given conditions.
Contestable Market
A market in which the costs of entry and exit are low, so a firm risks little by entering. Efficient production and zero economic profits should prevail in a contestable market.
Economic Profits
Profits earned by a firm after accounting for both its explicit and implicit costs, including opportunity costs.
Property Rights
The legal rights to use, control, and derive benefits from a resource, good, or property.
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