Examlex
After the installation of a newly rebuilt automatic transmission, the technician should double-check that all of the transmission's adjustments are correct, and then test-drive the vehicle to confirm normal operation of the rebuilt transmission.
Technological Advance
The development and application of innovative technologies that improve efficiency, productivity, and capabilities within various industries or sectors.
Excess Capacity
A situation where a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiencies.
Monopolistically Competitive
A market structure characterized by many firms selling differentiated products, allowing for some degree of market power.
Monopolistically Competitive
A business configuration in which various enterprises provide goods that are comparable, though not identical, affording them a measure of market dominance and the capacity to differentiate their products.
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