Examlex
A nutrient requirement is
Monopoly
A market structure characterized by a single seller or producer supplying a unique product or service, with significant barriers to entry for potential competitors.
Price Effect
The impact on the market or consumers' purchasing behavior due to a change in the price of a good or service.
Megawatts
A unit of power equal to one million watts, often used to quantify the output of large power plants or the electricity consumption of large entities.
Natural Monopoly
A market situation where a single firm can supply the entire market more efficiently than multiple firms due to high fixed or start-up costs.
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