Examlex
Select three of the components that Darwin proposed were part of the process of natural selection.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market, leading to market stability.
Units Of Output
A quantifiable count of the products or goods produced by a company or an industry.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced, decreasing as more is produced.
Short Run
A time period in economics where at least one factor of production is fixed, limiting the ability of businesses to adjust to changing market conditions.
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