Examlex
Compare several strategies investors use to invest in securities.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
Homogeneous Products
Goods that are essentially identical, offered by different sellers within a market.
First-mover Advantage
The competitive advantage gained by the initial ("first-moving") significant occupant of a market segment.
Bertrand Duopoly
A market structure in which two companies compete on price, each setting their price independently with the aim of maximizing profit, assuming the competitor's price is fixed.
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