Examlex
Touch and pressure are examples of stimuli that activate mechanoreceptors.
Normal Profits
Normal profits are the minimum level of earnings needed for a company to remain competitive in the market, often considered as part of the firm's opportunity costs.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for differentiation through branding, quality, or other attributes, leading to some level of pricing power.
Differentiated Oligopoly
An oligopoly market structure in which each firm offers a distinct product or service, leading to non-price competition.
Homogeneous Oligopoly
A market structure characterized by a few firms selling products that are identical or very similar.
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