3 things determine the BC (courtesy of Mr Litz)
WEIGHT: The heavier the projectile, the higher the BC, because a heavier object penetrates air better than a light one
CALIBER: Cross sectional density - a narrower bullet penetrates air better
FORM FACTOR: A measure of how streamlined the bullet is. It compares the projectiles drag to a standard bullet. The most common "standard" bullets are the G1and G7 shapes.
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