Examlex
A contestable market has low entry and high exist costs.
Economic Profit
The separation between full-scale income and aggregated expenses, acknowledging both straightforward and underlying costs.
Own Capital
The personal wealth or assets invested in a business by its owners.
Long-Run
A period of time in which all factors of production and costs are variable, allowing for complete adjustment to change.
Market Entry
The process by which a company or business begins to participate in a new market, facing existing competitors and regulations.
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