Examlex
High zinc intakes can inhibit the absorption of copper.
Monopolist
A single seller in a market who has significant control over the price and supply of a good or service, facing little to no competition.
Marginal Cost
The increase in cost incurred by producing one additional unit of a product or service.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual market price they receive, representing a measure of producer welfare.
Average Cost
The total cost divided by the quantity produced, indicating the cost per unit of output.
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