Examlex
When an endospore germinates, it gives rise to two daughter cells called vegetative cells.
Cartel
An agreement among competing firms to control prices or production in a market, often to maximize profits by minimizing competition.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of what strategies other players choose.
Economic Profit
Economic Profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, serving as a measure of a firm's financial performance beyond basic accounting profit.
Oligopoly Industry
An oligopoly industry is characterized by a small number of firms that have significant market power, leading to limited competition and the potential for collusion.
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