Examlex
In the process of double fertilization, one sperm fuses with the egg and the other sperm fuses with a spore.
Barriers to Entry
Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and compete in an industry.
Price Takers
Economic agents in a market who accept the prevailing market price as given because they have no power to influence it.
Differentiated Product
A differentiated product is one that is distinct from similar products on the market through unique features, branding, or quality, enabling companies to target specific market segments.
Perfectly Competitive
A market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller has market power.
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