Examlex
Which of these statements is correct ?
Macaws
Large, brightly colored parrots with long tails and powerful beaks, native to Central and South America.
Monopoly
A market structure characterized by a single seller dominating the entire market, often resulting in limited consumer choice and higher prices.
Elastic
Describes a situation where the demand or supply for a product or service significantly changes in response to price changes.
Marginal Revenue
The supplementary earnings obtained by selling an extra unit of a product or service.
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