Examlex
If 588 grams of FeS2 is allowed to react with 352 grams of O2 according to the following unbalanced equation,how many grams of Fe2O3 are produced?
FeS2 + O2 → Fe2O3 + SO2
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, resulting in decreased costs per unit.
Perfect Competition
A market structure characterized by many buyers and sellers, homogenous products, no barriers to entry, and perfect information.
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A market structure where a single seller controls the entire market for a particular product or service, facing no competition.
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A state where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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