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Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games.When Mimi prices her pins at $10, she sells
Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games.When Mimi prices her pins at $10, she sells 20 pins per game. When she lowers her price to $8, she sells40 pins.
The additional money she earns from dropping her price is known as the __________.
- Output effect
- Opportunity cost
- Price effect
- Marginal revenue
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