Examlex
Under monopolistic competition, profits cannot persist because new firms will be attracted to the market.
Discounted
The process of determining the present value of a payment or stream of payments that will be received in the future.
Present Value
The current value of a future amount of money or stream of cash flows, given a specified rate of return.
Rate Of Return
The increase or decrease in value of an investment within a set timeframe, represented as a percentage of the investment's starting price.
Discount Rate
The interest rate charged by central banks on loans they give to commercial banks or the rate used to discount future cash flows to their present value.
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