Examlex
The first pulsar was discovered by _________ in November of 1967.
LRAC Curve
Long-Run Average Cost Curve, a graphical representation showing the minimum cost at which any output level can be produced in the long run.
Exiting Firms
Businesses that are leaving a particular market due to various reasons such as unprofitability, strategic realignment, or market saturation.
Increasing-Cost Industry
An industry in which production costs increase as the industry's output expands.
Constant-Cost Industry
An industry where the cost of production does not change as the industry's output changes.
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