Examlex
What happened when Christopher Columbus returned to the island of Hispaniola for a second time?
Industry Concentration Ratio
A metric that assesses the degree of market control held by the largest firms within an industry, indicating the level of competition.
Herfindahl Index
A measure used to calculate the size of firms in relation to the industry and to indicate the level of competition among them.
Retained Earnings
Profits that a company keeps or reinvests after dividends are paid out to shareholders, instead of distributing them completely.
Optimal Market Structure
A market configuration that maximizes efficiency and consumer welfare, often characterized by competitive markets, absence of monopolies, and minimal barriers to entry.
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