Examlex
As amphibians have been called the environment's "canaries in a coal mine," a researcher has decided to go around to different ponds in his town and evaluate the effects of a specific pesticide on frog survival. This scientist would MOST likely refer to himself as a:
Demand Curve
A graph representing the relationship between the price of a good and the quantity demanded by consumers.
Barriers To Entry
Are obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand loyalty among consumers.
Excess Capacity
Plant resources that are underused when imperfectly competitive firms produce less output than that associated with achieving minimum average total cost.
Product Differentiation
A marketing strategy that businesses use to distinguish their products or services from those of competitors.
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