Examlex
The type of mutation that alters the nucleotide sequence of a gene but does not alter the amino acid sequence of the protein produced from that gene is called ________ mutation.
Allocative Efficiency
A state of the economy in which production is in accordance with consumer preferences; every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it.
Price Discrimination
A pricing strategy where a company sells the same product or service at different prices to different customers, often based on their willingness to pay.
Pure Monopoly
A market structure where a single firm controls the entire supply of a product or service, with no close substitutes available, allowing it to influence price significantly.
Economies of Scale
Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
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