Examlex
The market demand curve facing a monopolist is more elastic than the market demand curve facing a monopolistic competitor.
Hail
Frozen precipitation in the form of balls or irregular lumps of ice, often occurring during strong thunderstorms.
Monetary Compensation
Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.
Breach of Contract
Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.
Principle of Mitigation
The legal obligation on a party suffering loss to take reasonable action to minimize the amount of the loss suffered.
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