Examlex
Summarize and compare litigation and other methods of dispute resolution.
Price Effect
The impact on demand when the price of a product or service changes, influencing consumers' buying decisions.
Marginal Cost
The additional expense required to produce an extra item or unit of output, emphasizing its role in economic decision-making.
Fixed Cost
A cost that does not change with the amount of goods or services produced, such as rent, salaries, or loan payments.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.
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