Examlex
Antigens are substances that are generated by the immune system and that attack invading bacteria.
Existing Firms
Companies or businesses that are currently operating in the market, as opposed to new startups or entities planning to enter the market.
Economic Losses
Economic Losses indicate a situation where the total cost of a business or activity exceeds the total revenue generated, resulting in a net loss.
Long-run Equilibrium
A state in economics where all factors of production and economic agents are fully adjusted to the conditions, and no further tendency for change exists.
Competitive Price-searcher Market
A market structure where firms have some control over their selling price because their products are differentiated.
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