Examlex
The ____ is establishing standards for EMS data collection to maintain a national EMS dataset collected from all states on a limited number of data elements.
Inefficient
A state where resources are not optimally allocated, often resulting in wasted resources or outputs that do not maximize potential value.
Monopolistically Competitive
Describes a market structure where many companies sell products that are substitutes, but are not perfect substitutes, leading to some degree of market power for each firm.
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market, such as high startup costs or strict regulations.
Product Differentiation
The process of distinguishing a product from others in the market to make it more attractive to a particular target market.
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