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A sample of gas has its number of molecules halved, its Kelvin temperature doubled, and its volume halved. What is the new pressure, relative to the original pressure?
Competitive Market
A market structure characterized by many buyers and sellers, such that no single party can dictate the market price.
Long-Run Cost
The total cost of production when all inputs, including both fixed and variable costs, are considered fully adjustable.
Economies Of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies
Negative effects on costs that occur as a business expands, typically resulting from inefficiencies that stem from managerial and operational challenges.
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