Examlex
Please select the FALSE definition regarding microbial identification.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the average cost per unit of output decreases with increasing scale.
Monopolist
A sole provider of a particular good or service in a market, possessing the power to control prices and exclude competition.
Price Maker
A firm or entity that has significant control over the price of the goods or services it provides, due to lack of competition.
Big Data
Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
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