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Scientists may be on the verge of creating life in a test tube. Recently, scientists have used computers to synthesize a highly complex loop of DNA. When this loop was inserted into an empty bacterial cell, the cell began to self-replicate. And self-replication is an essential feature of life.
Constant Marginal Cost
The condition where the cost of producing an additional unit of a good or service remains the same, regardless of the quantity produced.
Separate Markets
Markets that do not interact with each other due to various factors such as geography, product differentiation, or consumer preferences, leading to potentially different prices for similar goods.
Monopolist
A market participant that is the sole seller of a good or service, enabling them to control the market price.
United States
A country in North America, comprising 50 states, known for its economic and military power as well as its cultural influence worldwide.
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