Examlex
What feature do monkeys share with iguanas but not with bullfrogs?
Market Period
A very short period of time in which the supply of a good is fixed, typically because the time frame is too short to alter production.
Industry Supply
The total quantity of a good or service that producers in an industry are willing and able to sell at different price levels.
Firm's Output
The total quantity of goods and services produced by a company over a particular period.
Perfectly Inelastic Supply Curve
A perfectly vertical supply curve; quantity supplied remains constant no matter what happens to price.
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