Examlex
Describe "Jim Crow."
Cournot Duopolists
Firms in a duopoly (a market with only two producers) following Cournot competition, where each firm decides its production level assuming the other's decision as given.
Total Cost
The complete cost of producing a specific number of goods or services, including both fixed and variable costs.
Bean Sprouts
Edible sprouts derived from the germination of beans, commonly used in Asian cuisine.
Firm's Production
Refers to the total output of goods and services produced by a business within a certain period of time.
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