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An inductor with inductance L and a resistor with resistance R are wired in series to an ideal battery with emf .A switch in the circuit is closed at time t = 0, at which time the current is zero.A long time after the switch is thrown the potential differences across the inductor and resistor are:
Price Leader
A company that has the dominant influence in setting the price levels for goods or services in a particular market, often because of its significant share of the market.
Entry of Firms
This term refers to the process by which new businesses enter into an industry, contributing to competition and potentially influencing market dynamics.
Price Leadership
A pricing strategy where one dominant firm in an industry sets the price for products or services, and other firms in the market follow suit.
Average Total Cost
The total cost of production divided by the number of units produced, reflecting the cost per unit.
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