Examlex
In the rain forests of Panama, scientists found a colony of tree-dwelling black ants where some individuals had red abdomens. When examined, the scientists determined that the ants with red abdomens were infected with roundworm eggs. Birds would prey on these ants, mistaking their red bellies for berries. In the interactions among the tree-dwelling black ants, the roundworms, and the birds, the roundworms are the
Natural Monopoly
A market condition where due to high infrastructure or setup costs, a single supplier is more efficient than multiple competing ones, often seen in utilities.
International Nickel Company
A historically significant Canadian corporation involved in the mining and processing of nickel and other metals; known today as Vale Canada Limited after various mergers and acquisitions.
Southwestern Bell
A former American telecommunications company that was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice broke up the American Telephone & Telegraph Company in 1984.
Legal Barrier
Any law or regulation that limits or controls the entrance of a firm into an industry or the launch of a new product.
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