Examlex
What are the securities that are created when a mortgage pool is divided into a number of tranches called?
Natural Monopoly
A market condition in which a single firm can supply a product or service to an entire market at a lower cost than could two or more firms, often due to economies of scale.
Price Elasticity
The degree to which the quantity demanded of a good changes in response to a change in its price.
Marginal Cost
The financial impact of producing another unit of a product or service.
Monopolist
An individual or firm that is the sole supplier of a particular product or service, giving them significant control over the market price.
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