Examlex
What organelle does an algae need to be able to conduct photosynthesis?
Market Shares
Represents the percentage of an industry's sales that a particular company controls.
Natural Monopoly
A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.
Economies of Scale
Economies of scale occur when increasing the production scale leads to a decrease in the long-term average costs, often due to more efficient use of inputs.
Exclusive Franchise
A legal agreement granting one party the sole right to sell or distribute a company's products or services in a particular market area.
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