Examlex
If an expectant mother is exposed to German measles, the child could be born with a
Horizontal
Refers to something that is parallel to the horizon, often used in contrast with vertical; in economics, it may pertain to mergers between companies at the same stage of production.
Economic Profits
Refers to the financial gains that exceed the total costs, including both explicit and implicit costs, of a business.
Enter Industry
The act of starting or initiating business operations in a particular market sector.
Long Run
The long run is a time period sufficiently long that all factors of production and costs can be fully adjusted, including plant sizes, machinery, and entry or exit from an industry.
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