Examlex
Apple introduced the microprossor chip in 1971.
Long Run
The long run is a period in economics wherein all inputs can be adjusted, and there are no fixed costs, allowing full operational flexibility.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.
Good Or Service
Any tangible product (good) or intangible offering (service) that can be sold or provided in a market to satisfy the demand of a customer.
Marginal Revenue
The additional income received from selling one more unit of a product or service.
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