Examlex
If a firm experiences a decrease in average total cost as its size increases, it is experiencing
Insufficient Offer
A proposal or bid that fails to meet the minimum requirements or expectations, particularly in negotiations or transactions.
Offer of Compromise
A proposal made by one party to settle a dispute or lawsuit outside of court, often involving the payment of money.
Time Limit
A specific duration within which an action must be initiated or completed.
Mailbox Rule
A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.
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