Examlex
The neurotransmitter ________ is released by the sympathetic division of the nervous system during stress or danger to prepare the body for "fight or flight."
Economic Profits
The difference between total revenue and total economic costs (including both explicit and implicit costs), representing surplus or profit not achievable in perfect competition.
Competitive Industries
Industries characterized by many firms competing for market share, leading to innovation and efficient resource allocation.
Production Costs
Expenses incurred during the process of creating a good or service, including labor, raw materials, and overhead costs.
Decreasing-Cost Industry
An industry in which expansion through the entry of firms lowers the prices that firms in the industry must pay for resources and therefore decreases their production costs.
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