Examlex
A statistical technique that divides objects into groups so that the objects within each group are similar is called:
Natural Monopoly
A market condition where due to high fixed or start-up costs, the most efficient number of firms in the industry is one.
Electric Power
The production and delivery of electricity through an interconnected network for uses such as lighting, heating, and powering appliances.
New Technology
The development and application of innovative tools, machines, techniques, and methods that improve the efficiency and productivity of operations.
Natural Monopolies
Industries where a single firm can supply a good or service to an entire market at a lower cost than two or more firms could, often due to economies of scale.
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