Examlex
Change 0.35
A)to a percentage:
B)to a fraction:
C)and reduce to lowest terms:
Monopoly
A market structure in which a single seller controls the entire market for a product or service, facing no competition.
Natural Monopoly
A market condition where a single firm can supply a product or service more efficiently than multiple firms, leading to a lack of competition.
Patent
A Patent is a legal document granted by the government, giving an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.
Exclusive Use
The right to use a property or product without sharing it with others, often refers to licenses or real estate.
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