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What was the reason for installing a worldwide network of seismometers in the 1950s and 1960s?
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell their invention for a certain period, preventing others from copying.
Long-Run Supply Curve
A graphical representation that shows how the quantity of goods supplied by an industry changes over time in response to changes in price, assuming that all inputs can be varied.
Increasing-Cost Industry
An industry in which the costs of production increase as the industry's output expands, typically due to resource limitations or increased demand for inputs.
Slope
A measure of the steepness or incline of a line, representing the rate at which y-values change for each unit increase in x-values.
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