Examlex
The electron transport chain is based on the principle that redox couples with more positive reduction potentials will donate electrons to couples with more negative potentials.
Opportunity Costs
A concept in economics that describes the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.
ATC
Average Total Cost is the sum of all production costs divided by the quantity of output produced.
Perfectly Competitive Firm
A theoretical business entity in a market where no single company can influence the price of goods or services, and where all products are identical.
Market Demand
The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.
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