Examlex
The ________ automatically distributes scarce goods.
Purely Competitive Industry
An industry characterized by many sellers offering identical products where each seller is a price taker due to market forces.
Supply
The complete volume of a good or service offered for sale at a specified price range in a certain market area.
Elon Musk
An entrepreneur and business magnate known for his involvement in SpaceX, Tesla, Inc., and several other high-tech ventures.
Normal Profit
The minimum amount of revenue that a company needs to cover both explicit and implicit costs.
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