Examlex
____________________ are values in cells that can be changed to determine new values for formulas.
Barriers To Entry
Obstacles that make it difficult for new competitors to enter a market.
Scale Economies
Cost advantages that a business can achieve due to expansion in the scale of production, leading to a reduction in average costs.
Patents
Legal documents granting an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.
Cournot Model
Oligopoly model in which firms produce a homogeneous good, each firm treats the output of its competitors as fixed, and all firms decide simultaneously how much to produce.
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