Examlex
After a fractal's pattern is applied several times, the shape of the fractal will generally become ________.
Short Run
In economics, a period in which at least one input, such as plant size, cannot be changed; distinct from the long run where all inputs can be varied.
Long Run
A period in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.
Perfectly Elastic
Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.
Competitive Firm
A business that operates in a market with many buyers and sellers, where the company does not have the market power to set prices.
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