Examlex
A teratogen is an agent that causes damage to prenatal development but does not produce lasting defects.
Oligopoly
A market structure characterized by a few firms dominating the market, which can lead to limited competition and potentially higher prices for consumers.
Conglomerate
A large corporation composed of diverse companies or divisions in varying industries under one corporate group.
Monopoly
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Horizontal Merger
A merger occurring between companies in the same industry, often leading to consolidation and potentially impacting competition.
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