Examlex
Taq polymerase was isolated from a thermophile and is used in the polymerase chain reaction (PCR) technique because it does not become inactivated at high temperatures.
Monopolistically Competitive
Refers to a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.
Minimizes Average Costs
Refers to the strategy or condition in which a firm operates at the lowest possible cost per unit, optimizing efficiency.
Industry
A broad term referring to the production of goods or services within an economy that are related by their principal business activities.
Firm
An organization that produces goods or services in order to generate profit, typically within an economic system.
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