Examlex
Which of the following protein-digesting enzymes is made in the stomach?
Industry Exit
The process by which a company ceases operations in a specific industry, typically due to financial losses, market competition, or changing industry conditions.
Long Run Adjustments
Changes or adaptations made by firms in response to long-term changes in market conditions, where all inputs and production capacities can be varied.
Constant-cost Industry
An industry where the costs of production, including inputs and technology, do not change as the total output of the industry changes.
Long-run Equilibrium
A state in which all aspects of an economy or market are balanced, and all adjustment processes have been completed over time.
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