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Match the descriptions below with the appropriate definition: A. Profit B. Total Cost C. Neither D. Total Revenue 1. Revenue from sales - Cost of

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Match the descriptions below with the appropriate definition: A. Profit B. Total Cost C. Neither D. Total Revenue 1. Revenue from sales - Cost of production 9 2. Money received from sales of goods and services ? 3. Market value of all resources used to produce a good or service 4. Cost of production divided by quantity produced Match the scenarios below to coresponding source of each monopoly: A. GlobalEngineering files a new patent on a new brake system B. It will cost less for one company to provide water to a small city than several small ones C. One country controls the supply of a rare mineral 1. Economies of scale ? A 2. Legal 3. Resource control Answers in progress) Answer Pol

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