Examlex
Explain why some viruses contain enzymes within the virion and others do not. Use specific examples to support your answer.
Allocative Efficiency
The optimal distribution of resources in an economy, ensuring that each good or service is produced up to the point where the last unit provides a benefit equal to the cost of producing it.
Perfectly Elastic
Describes a situation in demand or supply where the quantity demanded or supplied changes by an infinite amount in response to any change in price.
Monopolistically Competitive
Referring to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.
Pure Monopolist
A market structure where a single firm is the sole producer for a product or service, with no close substitutes, giving it significant market power.
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