Examlex
If large fixed costs result in ATC falling as output increases and this occurs over the relevant range of output,this industry is a:
MP3 Technology
A digital audio coding format used for compressing music files and audio data, enabling efficient storage and transmission while preserving sound quality.
R&D Expenditures
Refers to the money spent on research and development activities, aiming at new product development or existing product improvement.
Invention
The act of creating or designing something that did not previously exist, usually a new device, method, or process.
Diffusion
The process by which an innovation or technology is adopted over time among members of a social system, community, or market.
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