Examlex
Recent research shows that if one identical twin develops schizophrenia, there is almost a 50 percent chance the other twin will develop schizophrenia. If future research confirms this finding, we will have evidence of:
Free Exit
The condition in a market where firms can leave the industry without incurring high costs, facilitating competition and economic efficiency.
Perfectly Competitive Firm
A company that operates in a market where there are many buyers and sellers, all selling homogeneous products, with no single party having market control.
Perfectly Competitive Market
A market structure where many firms offer an identical product, and no single supplier can influence the market price.
Control Over Price
The ability of a company or entity to dictate the price at which they sell their products or services, often due to lack of competition.
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