Examlex
Ozone tends to be harmful when produced near Earth's surface.
Economic Efficiency
A state where resources are allocated in the most beneficial way for society, maximizing productivity while minimizing waste and inefficiency.
Brand Loyalty
The tendency of consumers to continuously purchase products from the same brand instead of switching to competitors.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market or industry.
Substitute Products
Products that can serve as replacements for one another; when the price of one increases, the demand for the substitute is likely to increase.
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