Examlex
A company that has over 100 employees with locations in several states is typically the type of company in which business angels make an investment.
Competitive Equilibrium Price
The price at which the quantity of goods demanded equals the quantity of goods supplied, in a perfectly competitive market.
Utility Function
A utility function is an economic model representing satisfaction or preference a consumer derives from consuming goods and services.
Initial Endowment
The original allocation of resources, such as wealth or goods, that an individual or entity starts with.
Numeraire
A standard unit of measurement in economics used to express prices or monetary values, making it easier to compare different goods or services.
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