Examlex
Pseudocode is useful for writing algorithm specifications.
New Firms
Recently established companies or businesses entering a market.
Dominant Firms
Companies that hold a major portion of the market share in their industry, influencing market conditions and prices.
Average Total Cost
The total cost of production divided by the quantity produced, it measures the average cost per unit of a product.
Competitive Firm
A business that operates in a market with many sellers offering similar or slightly differentiated products, resulting in limited market power for individual firms.
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