Examlex
DRM software is used to control the use of a work.
Short Run
A period in economics during which at least one input, such as plant size, is fixed, and only some factors of production can be varied.
TC
Total Cost, which refers to the aggregate amount of expenses incurred by a business in producing goods or services.
AVC
Average Variable Cost, the total variable costs divided by the quantity of output produced, representing the variable cost per unit of output.
ATC
Average Total Cost, the total cost of production divided by the quantity of output produced.
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