Examlex
When a cad cell is exposed to a bright light, its resistance drops to a low value.
Competitive
Pertaining to a market condition where multiple sellers are vying for the attention and business of buyers, often leading to better quality and prices.
Average Total Costs
The sum of all production expenses (both fixed and variable) divided by the total quantity of units created.
Per-Unit Costs
The cost associated with producing or acquiring a single unit of a product or service.
Competitive Process
The dynamic system in which businesses compete with one another for resources, customers, and market share.
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