Examlex
Consider a policy proposal that aims to save small dairy farms by providing an annual lump sum subsidy to dairy farms with fewer than two hundred dairy cows.Why might this proposal pass,even if it benefits a few dairy farmers at the expense of the majority of voters?
Sector X
Sector X does not represent a specific sector in economic terms; it's a placeholder for an unspecified sector of the economy.
Average Cost
The total cost of production divided by the number of goods produced, calculating how much it costs on average to produce each product.
Constant-Cost Industry
An industry where the input prices do not change as the industry's output changes.
DVD Players
Electronic devices designed for the playback of DVDs, allowing the viewing of movies and other digital content stored on DVD format.
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