Column A Column B 1.2.1 Cartel A Aircraft noise….
Column A Column B 1.2.1 Cartel A Aircraft noise. 1.2.2 Explicit cost B Brands play a significant role in determining customer loyalty. 1.2.3 Output C The positive difference between total revenue and total costs. 1.2.4 Shut-down point D The actual expenditure of a business. 1.2.5 Negative externality E Where MC = AVC. 1.2.6 Profit F The number of units produced during a particular time. 1.2.7 Monopolistic competition G The value of inputs that the entrepreneur owns and uses in production. 1.2.8 Economic loss H When a group of producers form a collective monopoly. I Where MC = MR. J Average revenue is less than average cost. (8)