Examlex
What is the name of the sphincter that prevents the backflow of the food mass from the duodenum into the stomach?
Equilibrium Price
The price at which the quantity of a good supplied equals the quantity demanded, resulting in no surplus or shortage in the market.
Zero Economic Profit
A situation where a firm's total revenues exactly equal its total costs, indicating no above-normal profit.
Economist
A professional or expert in economics, studying the production, distribution, and consumption of goods and services.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
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