Examlex
The field of genetics deals only with disease.
Low Entry Barriers
Conditions in a market that make it easy for new firms to enter, such as low startup costs or minimal regulations.
Oligopoly Market
A market structure characterized by a small number of large firms dominating the market, with significant barriers to entry for new competitors.
Marginal Revenue Curve
The marginal revenue curve represents the change in total revenue that results from selling one more unit of a product.
Crude Oil Production
The process of extracting oil from underground reservoirs and preparing it for refining into usable products such as gasoline, diesel, and other petrochemicals.
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