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Sterilization is actions taken to make an individual incapable of reproducing.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the number of units produced, showing the cost per unit of output.
Short-run Equilibrium
A state in an economy or market where supply equals demand, considering that some factors (like capital) are fixed in the short term.
Decreasing-cost Industry
An industry characterized by a reduction in average costs as the scale of production increases, usually due to factors like technological advances.
Long-run Equilibrium
Long-run equilibrium occurs in a market when all producers and consumers have fully adjusted to any changes in the market conditions, with no excess supply or demand.
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