Examlex
Program instructions are moved to the CPU from the main memory through data channels.
Long Run
Amount of time needed to make all production inputs variable.
Price Elasticity
A measure of the responsiveness of quantity demanded or supplied of a good to a change in its price, indicating how changes in price can affect consumption or production volumes.
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over another, often due to a perceived superiority or an emotional attachment.
Monopoly Power
The ability of a company or entity to control the price and supply of a product or service, due to the lack of competition in the market.
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