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Nucleic acids
Fast-Second Strategy
A business approach where companies wait to see which innovations prove viable and then quickly follow with improvements and cost reductions.
Collusion
A situation in which firms act together and in agreement (collude) to fix prices, divide a market, or otherwise restrict competition.
Process Innovation
The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality in operations.
Total Product Curve
A graphical representation showing how the quantity of output varies with changes in the quantity of a single input, holding all other inputs constant.
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