Examlex
Describe PowerPoint and list some of its features and components.
Monopoly Profits
Monopoly profits refer to the extra earnings a firm accrues by being the sole supplier of a good or service with no close substitutes, allowing it to dictate market prices.
Industry
A group of manufacturers or businesses that produce a particular kind of goods or services.
Barriers to Entry
Factors that prevent or hinder companies from entering a particular market or industry.
Gas Station
A commercial outlet that offers gasoline and motor oil for automobiles.
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