Examlex
Data indicate that the twentieth century was the warmest century in 600 years.
Patent Expires
The point at which a patent's protection ends, allowing others to make, use, or sell the invention without infringement.
Market Equilibrium
A condition where supply equals demand, and the market price becomes stable.
Competitive Industry
An industry characterized by numerous competitors, where businesses vie for market share by offering unique products, prices, or services.
Market Demand
The overall sum of a particular good or service that consumers in a marketplace are prepared and able to buy across a range of prices.
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