Examlex
How is electrolysis different from what is going on chemically inside a battery?
Marginal Cost
The uptick in aggregate cost due to the output of an extra unit of a product or service.
Monopolist
An entity that is the sole provider of a particular product or service in a market, possessing significant market power and control over prices.
Output
The amount of goods or services produced by a person, machine, factory, or company within a certain period.
Demand Schedule
A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.
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