Examlex
A graafian follicle is another name for a mature ovum and its surrounding sac.
Diseconomies of Scale
A situation where, as a firm becomes larger, its costs per unit increase due to inefficiencies that arise from its growth.
Constant Costs
The costs that remain unchanged as the level of output or production increases or decreases.
AVC Curve
A graphical depiction of the average variable costs incurred by a firm in the short run, illustrating how costs vary with output levels.
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