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The Combining Form Spir/o- Means

question 407

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The combining form spir/o- means:


Definitions:

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market.

Scale Economies

Cost advantages that a business can achieve due to expansion in the scale of production, leading to a reduction in average costs.

Patents

Legal documents granting an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Cournot Model

Oligopoly model in which firms produce a homogeneous good, each firm treats the output of its competitors as fixed, and all firms decide simultaneously how much to produce.

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