Examlex
Build medical terms from their definitions and word parts.
-Excessive sugar in the blood: __________emia
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs.
Perfectly Competitive
A market structure where many firms sell identical products, entry and exit are easy, and no single seller can influence the market price.
Market Price
The present cost for purchasing or selling an asset or service within a specific market.
Minimum-Cost Output
The level of production at which a firm can produce goods at the lowest possible average total cost.