Examlex
If there are 100 identical firms in a perfectly competitive industry, and the typical firm supplies 50 units of output at a price of $30, the industry output is 5,000 units at a price of $30.
Coercive
Relating to or using force or threats to persuade someone to do something or comply with one's demands.
Expert
A person who possesses a high level of knowledge, skills, or expertise in a particular field or area.
Referent
The entity to which a word or phrase refers or relates.
Legitimate Power Base
A source of influence based on the formal authority one holds within an organization's structure or society's laws.
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