Examlex
The final justification for capital punishment is ______ and has nothing to do with public safety-it is a moral justification.
Natural Monopoly
A market condition in which a single firm can provide a product or service at a lower cost than any potential competitors, often due to economies of scale.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of the operation increases.
Exclusive Franchise
A business arrangement granting a single entity the right to market a company's goods or services within a specified territory.
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