The producer MAKES the product, and sells it to retailers. The consumers buy the products from the retailers.
Answer:
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Explanation:
<h3>Answer:</h3>
Definition - Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.
Encourage people to open business and invent new product.
An economic and political system in which a country's trade and industry are controlled by private owners for profit rather than by state. {This is what the dictionary said by the way}