Examlex
What is the name for the intermittent, relatively painless contractions of the uterus after the third month of pregnancy?
Output
The quantity of goods or services produced by a firm, industry, or economy in a given period.
X-inefficiency
X-inefficiency occurs when a firm produces outputs at higher costs than is necessary, often due to a lack of competitive pressure or motivation.
Economies of Scale
Reductions in the average cost of production as the volume of production increases.
Patents
Legal documents granting an inventor exclusive rights to manufacture, use, or sell their invention for a certain period of time.
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