Examlex
If a dc voltage is input to a transformerʹs primary, then an ac voltage is induced in its secondary.
Homogenous Product
Goods that are identical in quality and cannot be distinguished from one another by consumers.
Barriers To Entry
Obstacles that prevent new competitors from easily entering an industry or area of business, such as high start-up costs or complex regulations.
Economic Profits
Profits exceeding the opportunity costs of the inputs used in the production process, an indicator of efficiency and effectiveness in resource utilization.
Mean Reversion
Suggests that performance eventually moves back toward the mean or average.
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