Examlex
If additional firms enter a monopolistically competitive industry,the demand facing a typical firm increases.
Illusory Promise
A statement that appears to be a promise but does not actually bind the party making it to any action or performance, rendering it unenforceable as a contract.
Release
A legal document or agreement resulting in one party forfeiting the right to make claims against another party in exchange for a settlement or relief.
Unforeseeably Difficult
Situations or tasks that could not have been predicted to be as challenging or complex as they are found to be.
Illusory Promise
A statement or agreement that appears to be a promise but is so vague, non-committal, or lacks definite terms that it cannot be legally enforced.
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