Computer Simulations of the Early Universe Clearly Show the Process

question 102

Short Answer

Computer simulations of the early universe clearly show the process of of smaller galaxies into larger ones.

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Definitions:

Kinked Demand

A demand curve that has a distinct bend or "kink" at a certain price level, reflecting different elasticity above and below that price.

Marginal Cost

The increase in cost resulting from the production of an extra unit of a good or service.

Output Level

The total amount of goods or services produced by a business or economy during a specific period.

Profit Maximizing

The process by which a company determines the price and output level that generates the maximum profit.