Examlex
Upon arrival of a new meal in the stomach, the gastrocolic reflex pushes the colonic contents into the rectum, triggering the defecation reflex to eliminate the remains of a preceding meal.
Perfectly Competitive
A market structure where numerous small firms sell identical products, there’s free entry and exit, and no single firm can influence the market price.
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good or service changes as production volume changes.
Variable Input
Any resource for which the quantity used in production can vary as the level of output changes.
Perfectly Competitive
A market structure where many firms offer products that are similar and entry into the market is relatively free of barriers.
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