Examlex
A _____ contains thousands of _____.
Least Possible Cost
The minimum expenditure necessary to achieve a specific outcome or produce a given quantity of a good.
Input Markets
Marketplaces where firms buy resources, goods, and services necessary for producing their own products or services.
Output Markets
Markets where goods and services produced by businesses are sold to households, government entities, and other businesses.
General Equilibrium
A state in which all markets in an economy are in simultaneous equilibrium, taking into account the interactions between different markets.
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