Examlex
The CML is the pricing relationship between:
Quantity
Refers to the amount or number of units or items available, produced, or consumed in a given context.
Competition
The rivalry among businesses to attract customers, increase sales, and achieve market dominance.
Self-Interested
Describes individuals or entities that act in their own best interest, aiming to maximize their own benefits and minimize costs.
Produce Efficiently
The process of producing goods or services in a way that minimizes waste and maximizes output using the least resources.
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