Consider a ratio for the total number of miles traveled by car divided by the total number of drivers.
Definitions:
Competitive Price-searcher Market
A market structure where firms have some control over the pricing of their products due to differentiation, but still face significant competition.
Market Demand
The overall volume of a good or service that consumers in a market are ready and able to buy across a range of prices.
ATC
Stands for Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the number of units produced.
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