Examlex
The activation of a specific memory triggers the activation and potential retrieval of other memories. This is termed ________.
Allocative Inefficiency
Allocative Inefficiency occurs when resources are not allocated in a way that maximizes the net benefits to society, often leading to over or under-production of goods and services.
Natural Monopoly
is a situation where a single firm can supply a product or service to an entire market more efficiently than could multiple competing firms, often due to high fixed costs.
Economies of Scale
Refers to the cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in per-unit cost.
Capital Facilities
Physical assets such as buildings, machinery, and equipment used in the production of goods and services.
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