Examlex
Adopt a conflict perspective and identify all the resources that insulate the rich and powerful from being apprehended by the law.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the average cost per unit of output decreases with increasing scale.
Per-unit Cost
The cost incurred for producing a single unit of a product, which is calculated by dividing the total cost of production by the total number of units produced.
Monopolistic Firm
A company that has exclusive control over a particular market or industry, limiting competition.
Government Regulation
Rules set by the government to control the way businesses can operate within an economy.
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