Why Is It That If an Industry Is Operating Under

question 10

Essay

Why is it that if an industry is operating under conditions of internal scale economies then the resultant equilibrium cannot be consistent with the pure competition model?

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Definitions:

Stomata

Pores on plant leaves and stems that allow gas exchange between the plant and the atmosphere.

Osmotic Pressure

The pressure that must be applied to a solution to prevent the inward flow of water across a semipermeable membrane, related to the concentration of solutes.

Guard Cells

Specialized cell pairs that flank stomatal pores on plant leaves, regulating the opening and closing of the pores to control gas exchange and water loss.

Casparian Strip

A band of cell wall material found in plant roots that is impervious to water and solutes, ensuring that all materials pass through a cell membrane before entering the plant.