Examlex
The relative risk of death from heart disease decreases by as much as 65% when the least and most active men and women are compared.
Regulatory Commission
A government body responsible for setting and enforcing rules and regulations in a specific sector to protect public interest.
Economies of Scale
The advantages in cost that companies receive owing to their operational magnitude, with the expense per produced unit generally diminishing as the scale of operations broadens.
Natural Monopoly
A market condition where the cost of production is minimized by having a single firm produce the product, due to high fixed or startup costs.
Demand Schedules
A table that shows the quantity demanded of a good or service at different price levels.
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