Examlex
The Android documentation recommends that games use the ________ to play sounds, because that stream’s volume can be controlled via the device’s volume buttons.
Minimum Efficient Scale
The smallest scale of production at which long-run average total costs are minimized.
Long Run Average Cost Curve
A graphical representation that shows the lowest average cost at which any given level of output can be produced in the long run.
Decreasing-cost Industry
An industry where the costs of production decrease as the industry grows due to economies of scale.
Long-run Equilibrium
A state in which all factors of production and outputs are fully adjusted to economic conditions, leading to stable prices and optimal resource allocation.
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