Examlex
How has Facebook been able to gain a share in the photo-sharing and video-sharing markets at the expense of established firms?
Monopsony Power
A market situation where there is only one buyer for a product or service, giving that buyer significant control over the market.
Deferred Benefit Plan
A type of retirement plan that allows participants to postpone receiving retirement benefits until a specific future date, often to optimize tax benefits.
Elective Surgical Procedure
A surgery that is scheduled in advance because it does not involve a medical emergency.
Equilibrium Price
The cost at which the amount of a product or service that buyers want matches the amount that sellers provide, resulting in a balanced market situation.
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