Examlex
Which of the following cations will have the electronic configuration 1s22s22p63s23p6?
Oligopoly
A market structure dominated by a small number of large firms, leading to limited competition and often collaborative behavior among the firms.
Economic Profits
The surplus remaining after deducting all costs, including opportunity costs, from total revenues, indicating a firm's financial performance beyond breaking even.
Decreasing Returns to Scale
A situation in which, as the scale of production increases, the output increases at a diminishing rate, resulting in reduced efficiency.
Price-Inelastic
Describes a situation where the quantity demanded or supplied changes little when the price changes.
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