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the minimum level of profit needed for a company to remain competitive in the market.
(also called physical capital) are manufactured goods used in production to make consumer goods...
measures the changes in the cost of production of goods
when one or a few sellers control the supply; they have the power to set the prices.
the sacrifice that has to be made every time a choice is made because of scarcity.
the money used to carry out daily operations and raw materials used up in the production of...