Examlex
Sexual reproduction in unicellular algae is accomplished by the cell acting as a (gamete/spore/zygote).
Economic Profit
The difference between total revenue and total economic costs, including both explicit and implicit costs, reflecting the true profitability of a firm.
Elastic
A characteristic of supply or demand that indicates a high responsiveness to changes in price.
Monopolistic Competitor
A firm operating in a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and price setting.
Excess Capacity
A situation in which a company can produce more goods or services than currently demanded, due to underused resources.
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