Examlex
A disaster recovery plan should include
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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