Examlex
Legal positivists do not believe that law is simply power,because they believe that valid law must be created pursuant to the existing rules that allow the law to be created.
Pumpkins
A type of squash plant that produces large, round, orange fruits associated with fall and Halloween decorations.
Constant Marginal Cost
A situation where the cost of producing one additional unit of a good remains the same regardless of the level of production.
Cournot Duopolists
Firms in a duopoly market structure who compete on the basis of quantity produced, as modeled by Antoine Cournot.
Demand Curve
A graph depicting the relationship between the quantity of a good that consumers are willing to buy and the price of the good.
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