Examlex
Which of the following best describes the function of gap junctions?
Production Inefficiency
A situation where a firm or economy is not producing at the lowest possible cost or maximally utilizing its resources, leading to waste or lost potential output.
Opportunity Cost
Sacrificing potential opportunities from a range of alternatives by settling on one.
Present Consumption
The portion of current income or resources that is used for consumption, rather than saving or investing.
Capital
Resources or assets used in the production of goods and services, such as machinery, buildings, and equipment.
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