Examlex
The principal source of evaporated water that becomes precipitation are
Marginal Cost
The extra financial burden of manufacturing one more unit of a product or service.
Natural Monopolies
A situation where a single firm can supply a product or service to an entire market at a lower cost than two or more firms, making competition impractical.
Diseconomies of Scale
A situation in which a company or business grows so large that the costs per unit increase.
Long-run ATC
Long-run Average Total Cost refers to the per-unit cost of production in the long term where all inputs are considered variable.
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