Examlex
Scientists speculate that extinctions did not occur in Africa as they did on other continents because animals coevolved with ________ in Africa.
Barriers To Entry
Economic or legal obstacles that prevent new competitors from easily entering an industry or area of business.
Product Substitutes
Goods or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.
Oligopolists
Firms that are part of an oligopoly, a market structure characterized by a few companies dominating the market.
Equilibrium Price
The market price at which the quantity of goods supplied equals the quantity of goods demanded.
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