Other than Total revenue, what other terms are used
Turnover
Sales revenue
What is a Monopoly
Only one seller in the market
Many sellers in the market
A firm should higher the price to make more revenue if the demand is
Elastic
Inelasctic
What is the loewst point of the bussiness cycle
Recession
Depression
Which one is more accurate for measuring living standards
HDI
Real gdp per head
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