Examlex
The stretch reflex is a polysynaptic reflex.
Deadweight Loss
Deadweight loss occurs when an economy's total welfare is not maximized, resulting from inefficiencies such as taxes or subsidies that distort market equilibrium.
Pure-monopoly Market
A market structure where a single firm has the exclusive control over the supply of a product or service, with no close substitutes available, allowing for price setting.
X-inefficiency
The difference between actual and minimum possible input costs, often occurring due to a lack of competitive pressure and inefficiencies in production.
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