Examlex
The most numerous type of phagocyte is the macrophage.
Consumer Surplus
The gap between the aggregate amount consumers are willing to pay for a good or service and the sum they actually pay.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service relative to its market price, essentially the profit producers make.
Price Discrimination
Price discrimination occurs when a seller charges different prices for the same product or service to different customers, based on the willingness to pay, often to maximize revenue.
Oligopolist
An oligopolist is a producer or seller in an oligopoly market structure, characterized by a small number of firms dominating the market, leading to limited competition.
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