Examlex
What is meant by the term "excess capacity" as it relates to monopolistically competitive firms?
Annual Percentage Rate
The yearly interest rate charged on borrowed money, including fees and other costs associated with the loan.
Effective Annual Rate
Effective annual rate (EAR) is the actual return on an investment or real cost of a loan, considering compounding interest, expressed as an annual rate.
EAR
Effective Annual Rate, a measure of interest that accounts for compounding over a year, providing a more accurate depiction of financial product returns.
APR
Annual Percentage Rate; a comprehensive measure of the cost of borrowing on an annual basis, including interest and other fees.
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