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In Type II diabetes, insulin levels are frequently normal, yet the target cells are less sensitive to the effects of insulin. This suggests that
Fixed Cost
Expenses that do not change in total despite fluctuations in the volume of goods or services produced or sold.
Patent
A legal document granted by the government, giving an inventor exclusive rights to make, use, and sell an invention for a certain number of years.
Demand Function
A mathematical function that describes the quantity of a good that consumers are willing and able to purchase at various prices.
Subsidy
A financial contribution granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
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