Examlex
Which events are caused by the refraction of light through ice crystals?
Diseconomies Of Scale
The situation when a firm’s average total cost of producing a product increases in the long run as the firm increases the size of its plant (and, hence, its output).
Technologically Progressive
Characterized by innovative application of knowledge and technology to improve products, services, or processes.
Nondiscriminating
Nondiscriminating, in economic terms, often refers to pricing or marketing policies that do not vary between different consumers or groups, treating all participants equally.
Pure Monopolist
A market scenario where a single seller controls the entire supply of a product or service, with no close substitutes available to consumers.
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