Examlex
A vector of magnitude 20 is added to a vector of magnitude 25.The magnitude of this sum can be:
Marginal Revenue
The additional income earned from the sale of one more unit of a product or service.
Industry Standard
A set of criteria within an industry that acts as an agreed-upon norm or benchmark for products, services, and processes.
Economies of Scale
A concept in economics where increasing the scale of production leads to a decrease in the average cost of each unit produced.
Natural Monopolies
Industries in which high infrastructure costs and other barriers make it efficient for a single company to supply all of the market's needs.
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