Examlex
Upwelling zones are frequently dead zones because high nutrients produce biologic activity leading to anoxic water conditions.
Shut Down
The process of ceasing operations or activities, often temporarily, in a business or other organization.
AVC
Average variable cost refers to the total variable cost per unit of output, calculated by dividing the total variable costs by the amount of output produced.
Price
The amount of money required to purchase a good or service, often determined by factors such as supply and demand.
Perfectly Competitive Firm
A company that operates in a market where there are many buyers and sellers, the product is homogeneous, and there are no barriers to entry or exit.
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