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Acetylene is used in high temperature metal cutting torches. The formula of acetylene is C2H2. The structure of acetylene is
Socially Efficient
A situation in which an allocation of resources maximizes total social welfare, taking into account both the benefits and costs to society as a whole.
Marginal Costs
The increase in cost due to the production of an extra unit of a product or service.
Movie Theatres
Venues equipped with a screen for exhibiting films to audiences, providing a range of visual and auditory experiences.
Natural Monopolist
A single firm that can supply a product or service to an entire market at a lower cost than two or more firms, due to economies of scale.
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