Examlex
Consider the following partial computer output for a multiple regression model.
Near Monopolies
Near monopolies refer to markets where one or a few companies dominate, significantly limiting competition.
Licenses
Legal permits granted by an authority, allowing individuals or companies to carry out certain activities or businesses that would otherwise be unlawful.
Economies of Scale
The cost advantage achieved by an enterprise when production becomes efficient, as costs can be spread over a larger amount of goods.
Market Demand
The total quantity of a good or service that all consumers are willing and able to purchase at various prices during a given period.
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