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A Disaster Recovery Plan Should Include

question 21

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A disaster recovery plan should include


Definitions:

Incumbent Firm

An established company that holds a dominant position in a particular market or industry.

New Firms

New firms are companies that have recently entered a market, bringing fresh competition and innovation to the industry.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Monopolistic Competition

describes a market structure where many firms sell products that are similar but not identical, leading to competition.

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