Marginal Cost

When you work to increase sales of a certain treatment, service or product, it’s important to consider the marginal cost. Marginal cost is the amount of money, time, etc. it takes for you to produce one more of the service or product. This is separate from the fixed cost, which is the same whether you […]

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Toothonomics 101: Regulated Markets

Last week we looked at free markets. But sometimes free markets don’t work well for everyone involved in them. That’s where regulated markets come in. In a regulated market, an entity—typically a government—will put certain restrictions, controls or privileges on a market. A classic example of a regulated market is where a government prohibits a […]

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