Examlex
According to _________,a change in a species occurs primarily because some individuals are more successful than others at reproducing.Thus,the species comes to be characterized by the traits that mark successful reproducers.
Economies of Scale
Refers to the cost advantage experienced by firms when they increase their level of production. The advantage arises due to the inverse relationship between per-unit fixed cost and the quantity produced.
Oligopolistic
Pertaining to an oligopoly, a market structure with a few firms dominating the industry, leading to limited competition.
Herfindahl-Hirschman Index
A measure of market concentration to assess the level of competition within an industry.
Herfindahl-Hirschman Index
A measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.
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