Examlex
The advantage of device- dependent operating systems is that users can retain existing application software and data even if they change computer models or vendors.
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain number of years.
Research And Development
A business or government activity that involves the study and creation of new products, services, or discoveries.
LRAC Curve
Long-Run Average Cost Curve, showing the lowest average cost at which a firm can produce any given level of output in the long term.
Natural Monopolist
A type of monopoly that occurs when a single firm can supply a product or service to an entire market at a lower cost than two or more firms could.
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