Examlex
The diagnosis of lichen planus is made on the basis of
Monopoly
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Competitive
Pertaining to a market condition where multiple sellers are vying for the attention and business of buyers, often leading to better quality and prices.
Average Total Costs
The sum of all production expenses (both fixed and variable) divided by the total quantity of units created.
Per-Unit Costs
The cost associated with producing or acquiring a single unit of a product or service.
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