Examlex
The main advantage that simple moving-average models have over exponentially-smoothed models is that they can be made to give any desired weight to specific periods in the past.
Natural Monopolist
A single firm that can supply a product or service to an entire market at a lower cost than two or more firms, due to economies of scale.
Marginal Cost
The increase in expense a business incurs by manufacturing one more unit of an item.
Subsidize
The act of providing financial assistance or support, typically by the government, to reduce the cost of producing goods or services.
Antitrust Laws
Legislation enacted by the government to prevent new monopolies from forming and police those that exist to protect consumers from exploitative practices.
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