Examlex
A form of cloning known as _______ occurs when a zygote is produced through in vitro fertilization and, when it consists of two to four identical cells, it is separated to grow into discrete but genetically identical organisms.
Long-Run Equilibrium
A state in which all inputs can be adjusted by firms, market supply equals demand, and there is no incentive for economic actors to alter their behavior.
Excess Capacity
The condition where a business produces less than the maximum amount possible, often leading to inefficiency.
Average Total Cost
The total cost of production divided by the quantity produced, taking into account both fixed and variable costs.
Excess Capacity
The situation where a company is producing less than its full potential output due to lack of demand or other constraints.
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