Examlex
The practice of spacing out the study of material to be remembered by including breaks between study periods is called __________ practice.
Increasing-cost Industry
An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.
Long-run Equilibrium
The condition in which all factors of production can be adjusted, leading to a situation where no firm in the industry wishes to change its output.
Market Price
The current value at which an asset or service can be bought or sold in an open market.
Economies of Scale
The economic benefits that businesses gain from their size of operations, where the expense per unit of production typically lowers as the scale increases.
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