Examlex
Match the name of each organ system to its key components.
a.integumentary system
g.nervous system
b.skeletal system
h.endocrine system
c.muscular system
i.circulatory system
d.lymphatic system
j.digestive system
e.respiratory system
k.male reproductive system
f.urinary system
l.female reproductive system
-Consists of pituitary gland, adrenals, pancreas, and thyroid
Long-Run Equilibrium
A state in which all factors of production and inputs can be adjusted by firms, leading to a situation where no firm has an incentive to change its output or production method.
LRAC Curve
Long-Run Average Cost Curve, a graphical representation showing the minimum cost at which any output level can be produced in the long run.
Exiting Firms
Businesses that are leaving a particular market due to various reasons such as unprofitability, strategic realignment, or market saturation.
Increasing-Cost Industry
An industry in which production costs increase as the industry's output expands.
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