Examlex
Methods or operations cannot be modified when they are inherited downwards.
Perfectly Competitive
A market structure characterized by many buyers and sellers, all of whom have full information and the products are perfect substitutes.
Output
Output refers to the total amount of goods or services produced by a company, industry, or economy within a certain period, often used as a measure of productivity or economic activity.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for revenue.
Reduces
Makes smaller in amount, degree, or size; diminishes or lessens.
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