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January 24, 2026 

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PERFECT COMPETITION, PROFIT MAXIMIZATION: A perfectly competitive firm is presumed to produce the quantity of output that maximizes economic profit--the difference between total revenue and total cost. This production decision can be analyzed directly with economic profit, by identifying the greatest difference between total revenue and total cost, or by the equality between marginal revenue and marginal cost.

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NATIONALIZATION

The process in which a national government takes over the ownership of a private business or industry, usually, but not always, in conjunction with a major revolution that establishes a communist or socialist command economy.

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APLS

PURPLE SMARPHIN
[What's This?]

Today, you are likely to spend a great deal of time watching the shopping channel hoping to buy either a T-shirt commemorating last Friday (you know why) or a rotisserie oven that can also toast bread. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
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This isn't me! What am I?

On a typical day, the United States Mint produces over $1 million worth of dimes.
"Wherever you go, no matter what the weather, always bring your own sunshine."

-- Anthony J. D'Angelo

BOJ
Bank of Japan
A PEDestrian's Guide
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