Examlex
Firms faced with prisoners' dilemma can always make more profits by engaging in opportunistic behavior. Why is this type of behavior NOT commonly found even in oligopolistic markets?
Operating Leverage
A metric assessing the impact of increased sales on operational earnings, revealing the balance between a firm's fixed and variable expenses.
EBIT
Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses to show the business's core profitability.
DOL
Department of Labor, a U.S. government department responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.
Financial Leverage
The use of debt to increase the potential return of an investment.
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