Examlex
____________________ is the transmission of messages and files via a computer network.
Perfectly Competitive Firm
A business that operates in a market where there are many buyers and sellers, each selling identical products, and no single buyer or seller can influence market prices.
Short Run
In economics, it denotes a period in which at least one input (e.g., capital) is fixed and cannot be altered.
Economic Profit
The total revenue of a business minus its explicit and implicit costs; a measure of profitability that includes opportunity costs.
Perfectly Competitive Firm
A company that operates in a perfectly competitive market, cannot influence the market price, and produces at an optimal output level.
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