Examlex
How does water's high heat of vaporization help you to feel cooler when you sweat?
Natural Monopolists
Entities that dominate a market due to inherent advantages, such as economies of scale, which prevent efficient competition.
Average Total Costs
The total of all costs associated with production divided by the number of units produced, giving the cost per unit.
Marginal Cost
The additional expense required to produce or supply one extra unit of a product.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and loan payments.
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