Examlex
Competency to stand trial (CST) refers to the psychological state of the accused:
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus value created by a firm.
Excess Capacity
A situation where a firm or industry has more production resources available than is necessary to produce the current level of output, often indicating inefficiency.
Minimum ATC
Minimum ATC, or minimum average total cost, is the lowest point on the average total cost curve, representing the most efficient scale of production for a firm.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market, which may include high capital requirements, brand loyalty, or regulatory policies.
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