Examlex
Lotus Domino 6.5 is an example of groupware software.
Average Total Costs
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, representing the cost per unit of output.
Competitive Market
A market structure characterized by a large number of sellers and buyers where no single party can influence the price.
Market Price
The present value at which a service or asset is available for purchase or sale within a specific market.
Market Demand
The total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.
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