Examlex
Most developmental psychologists believe that gene expression is primarily influenced by the fixed master plan, or genetic blueprint, with which people are born.
Purely Competitive
A market structure characterized by many buyers and sellers, all of whom have little to no influence on the market price of goods and services.
Marginal Resource Cost
The additional cost incurred by a firm or economy for utilizing one more unit of a resource, used in making efficient production and resource allocation decisions.
Profit-Maximizing
The process by which a firm determines the price and output level that returns the greatest profit.
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