Examlex
The loudness of a sound can be quantified in units called decibels, where the number of decibels d is given by the formula What is the decibel rating of a sound having an intensity ?
Substitutes
Products or services that can be used in place of each other, satisfying the same needs or wants of the consumer.
Monopolist
A single seller in a market who has significant control over the entire supply of a good or service, and thus can influence price.
Marginal Revenue
The additional income generated from selling one more unit of a product or service.
Equilibrium
When aggregate demand equals aggregate supply.
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