Examlex
What heart sound is produced by vibrations within the heart chambers or in the major arteries from the back-and-forth flow of blood?
Implicit Costs
The opportunity costs of resources already owned by the firm and used in business, for which no cash payment is made.
Price-Discriminating
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like buyer's age, location, or purchase history.
Elastic Demand
A situation in which the demand for a product is highly responsive to changes in its price.
Arbitrage
The practice of profiting from a price difference between two or more markets, transferring a commodity or financial instrument from a lower-priced market to a higher-priced one.
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