Examlex
What amino acid is converted to selenocysteine after its attachment to its tRNA?
Constant-cost Industry
An industry in which the costs of production do not change as the industry's total output changes.
Competitive Market
A market where there are many buyers and sellers so that no single buyer or seller can influence the price or market conditions.
Economic Profits
The variance between a corporation's total earnings and all its explicit and implicit expenditures.
Zero-profit Equilibrium
A situation in a perfectly competitive market where firms just cover their costs, leaving no surplus for economic profit.
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