Examlex
Why is speech unique to humans?
Industry Entry
The process by which new competitors join an existing market, often leading to increased competition.
Profit Circumstances
Conditions or situations that influence the profitability of a business or investment.
Monopolistically Competitive
A market structure where many companies sell products that are similar but not identical, allowing for significant influence over pricing.
Short-Run Equilibrium
A state in the economic short term where demand equals supply, and there are no external forces prompting change.
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