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The all-time highest and lowest temperatures were both recorded on the Eurasian landmass.
Multiproduct Firms
Companies that produce and sell more than one product or service, often benefiting from economies of scope.
Technology
Refers to the application of scientific knowledge for practical purposes, especially in industry.
Short-run Average Cost
The total cost divided by the quantity of output produced, in the short term when at least one input is fixed.
Long-run Average Cost
The per-unit cost of production in the long term, where all inputs can be varied and economies of scale can be achieved.
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