Examlex
Jared uses his computer to secretly install software on thousands of personal computers without their owners' knowledge.The program can reproduce itself and spread from one computer to another via any USB port.This program is
Supply Curve
The supply curve is a graphical representation showing how the quantity of a good that a supplier is willing and able to sell varies depending on the price.
Long-run Equilibrium
A state in which all factors of production and costs are variable, allowing firms in a perfectly competitive market to make zero economic profit, balancing supply and demand.
Maximum Profits
The highest possible financial gain that a business can achieve in a given period, optimizing revenue while minimizing costs.
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