Examlex
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Excess Capacity
A situation in which a firm or industry has more resources available, particularly production capabilities, than is being utilized due to insufficient demand.
Monopolistic Competition
A market structure characterized by many sellers selling products that are similar but not identical, allowing for limited control over market prices.
Excess Capacity
A situation where a company can produce more goods or services than currently demanded, often leading to inefficiencies and lowered prices.
Monopolistically Competitive
Characterizes a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.
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