Examlex
The ________ conflict-management style is used when you don't want to deal with the conflict.
Barrier To Entry
Factors that prevent or inhibit new competitors from easily entering an industry or area of business, including high startup costs, strict regulations, and significant technological challenges.
Monopolistic Industry
An industry dominated by a single firm that has control over the market prices and supply of a product or service.
Patent
A legal right granted to an inventor, giving them the exclusive right to make, use, or sell their invention for a certain period of time.
Long Run
A period in economic analysis during which factors of production and costs are fully adjustable, allowing all inputs to production to be varied.
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