Examlex
Unplanned questions from coworkers that relate to your work are time-wasters.
One Seller
Indicates a market structure known as a monopoly, where a single company or entity controls the entire supply of a product or service, facing no competition.
Few Substitutes
Describes a market condition where there are limited alternative products or services, often leading to higher prices and less competition.
Barriers To Entry
Factors that prevent or restrict new competitors from easily entering an industry or area of business.
Barriers To Exit
Factors that prevent or deter a firm from leaving a market or industry, including high exit costs or contractual obligations.
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