Examlex
Outline recent research concerning moral intuition and explain how it relates to earlier research on moral reasoning.
Decreasing-Cost Industry
An industry where increased production leads to lower costs per unit, typically due to economies of scale or technological improvements.
Slopes Upward
A term used to describe a line or curve on a graph that increases in value as it moves from left to right.
Long-Run Supply Curve
A graphical representation showing how the quantity supplied by an industry or a firm changes over time when all input levels, including physical capital, are variable.
Total Market Output
The total quantity of goods or services produced and offered for sale within a market by all firms.
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