Examlex
A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures.The new price becomes:
Warranties
Warranties are assurances provided by a seller regarding the quality, condition, or performance of a product, explicitly stated or implied by law.
Unaccepted Draft
A written order to pay a specified amount that has not been accepted by the entity it is drawn upon, typically in international trade.
Drawee
The party directed by a draft or check to pay the specified amount, typically a bank.
Real Defenses
A limited set of defenses that can be used to challenge the enforceability of a negotiable instrument, including forgery, fraud, and duress.
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