Examlex
Why does the Cepheid "standard candle" have limited usefulness beyond 100 Mpc?
Barriers to Entry
Barriers that make it difficult for new entrants to join a market or business sector.
Average Total Cost Curve
Depicts the per-unit total cost of production (fixed cost plus variable cost) divided by the quantity of output produced.
Natural Monopoly
A market condition in which a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.
Patent Laws
Legal statutes that grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention for a certain period of time.
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