Examlex
In building models,economists often assume that opportunity costs don't matter.
Product Volume
The quantity of units of a particular product sold or produced.
Pure Competition
A market structure characterized by a large number of small firms selling identical products, with no single entity able to influence the market price.
Product Differentiation
The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.
Market
An area or arena in which commercial dealings are conducted.
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