Examlex
Special characters you cannot use in file names are ________.
Productive Efficiency
A situation where an economy or entity is operating in such a way that it cannot produce more of one good without decreasing the production of another good.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus value created by a firm.
Excess Capacity
A situation where a firm or industry has more production resources available than is necessary to produce the current level of output, often indicating inefficiency.
Minimum ATC
Minimum ATC, or minimum average total cost, is the lowest point on the average total cost curve, representing the most efficient scale of production for a firm.
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