Examlex
When a perfectly competitive firm increases output, total revenue _______ because there is no _______ effect.
ADR
Acronym for Alternative Dispute Resolution, which refers to methods like mediation and arbitration used to settle disputes without traditional litigation.
Negotiation
A process in which parties attempt to settle their dispute voluntarily, with or without attorneys to represent them.
Settlement Agreement
An out-of-court resolution to a legal dispute, agreed to by the parties in writing. A settlement agreement may be reached at any time prior to or during a trial.
Mediator
A neutral third party who facilitates negotiations between disputing parties with the aim of reaching a mutually acceptable agreement.
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