Examlex
If all of the oligopolists in a market collude to form a cartel,total profit for the cartel is less than that of a monopolist.
Total Revenue
The total amount of money a company receives from selling its goods or services, before any expenses are deducted.
Price Reduced
A decrease in the selling price of a product or service.
Patents and Licenses
Legal mechanisms that grant inventors exclusive rights to their inventions, and permissions required to engage in certain activities or businesses.
Barrier to Entry
Economic, procedural, regulatory, or technological conditions that obstruct or restrict new competitors from easily entering an industry or area of business.
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