Examlex
Did Bartolomé de las Casas have the support of the Spanish Crown?
Cournot Model
An economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide upon independently of each other and at the same time.
Prevail
To be widespread or dominant, or to win against opposing forces.
Concentration Ratio
A measure used in economics to assess the extent of market control held by the largest firms within an industry.
Profit-maximizing Output
The level of production at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.
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