Examlex
The structure is that of a ________.
Patents
Legal documents granting an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.
Cournot Model
Oligopoly model in which firms produce a homogeneous good, each firm treats the output of its competitors as fixed, and all firms decide simultaneously how much to produce.
Output
Represents the quantity of goods or services produced within a given period by a firm, industry, or economy.
Competitor
An entity operating in the same industry or market as another, offering similar products or services.
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