Examlex
When additional profits can be made with a slow exit from a market,a(n) ________ strategy can be a good source of short-run profits.
Downward-Sloping Demand
The economic principle that, all else being equal, as the price of a good or service decreases, consumer demand for it will increase.
Equilibrium Price
The price at which the quantity of a product offered for sale equals the quantity of the product in demand.
Assembly Line Technology
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product faster and more efficiently.
Recession
A period of decline in economic activity lasting more than a few months, as reflected by falling output, employment, income, and other aggregate measures.
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