Examlex
Which element has the abbreviated ground-state electron configuration [Ar]4s23d8?
Efficient Scale
The level of production at which a firm's average total costs are minimized.
Monopolistically Competitive
A market structure where many sellers offer products or services that are similar but not perfect substitutes, allowing for some degree of market power.
Product-variety Externality
The impact on consumer welfare or market efficiency due to variety in products available, often seen as a positive externality in markets.
Business-stealing Externality
A negative effect where a new entrant in a market draws customers from existing businesses, potentially harming those businesses without creating new value for the market as a whole.
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