Examlex
The Golgi apparatus consists of flattened,fluid-filled,membranous sacs and is responsible for chemical modification and sorting of some biomolecules.
Excess Capacity
The situation where a firm produces less than its total output capacity, often due to lack of demand.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.
Long-Run Equilibrium
A state in which all inputs can be adjusted by firms, market supply equals demand, and there is no incentive for economic actors to alter their behavior.
Excess Capacity
The condition where a business produces less than the maximum amount possible, often leading to inefficiency.
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