Examlex
In the context of the dimensions of quality,as suggested by David A.Garvin,reliability is the amount of use one gets from a product before it physically deteriorates.
Minimum Efficient Scale
The smallest scale of production at which long-term average costs are minimized, reflecting the point at which economies of scale are fully exploited.
Exclusive Legal Right
An exclusive legal right is a privilege granted by law to an individual or entity to engage in a particular activity or to use a particular property, which is protected against infringement or unauthorized use by others.
Patent
is a legal right granted to an inventor or assignee, providing exclusive rights to make, use, or sell an invention for a certain number of years in exchange for public disclosure of the invention.
Pure Monopolist
A market situation where a single seller controls all the supply of a product or service with no close substitutes.
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