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What is the pH of 4.1 × 10−3 M HCl(aq) ?
Diseconomies of Scale
A situation in which a firm's production costs increase as it produces more, leading to less efficiency.
Essential Resource
A resource deemed vital for the survival of an organism, community, or operation, whose absence can lead to severe negative impacts.
Elastic Market Demand
Describes a market situation where the quantity demanded of a good or service significantly responds to changes in its price.
Perfectly Elastic Demand
Perfectly elastic demand is a market scenario where the demand for a product can drastically change (increase or decrease) at the slightest change in price, essentially to infinity.
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