Examlex
Exports are not included in GDP because they do not reflect domestic consumption.
Nondiscriminating Monopolist
A monopolist who charges all consumers the same price for its product, as opposed to practicing price discrimination.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
Network Effects
The phenomenon where increased numbers of users or participants improve the value of a good or service.
Natural Monopoly
A situation where due to high fixed costs or other barriers, a single firm can supply a product or service to an entire market at a lower cost than what two or more firms could.
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