Monopoly

Business / Finance / Monopoly: Market characterized by absolute control of all sales and distribution in the market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the societally optimal price.

Legal Monopoly

Business / Finance / Legal Monopoly: A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. MORE

Pure Monopoly

Business / Finance / Pure Monopoly: A market in which only one firm has total control over the entire market for a product due to some sort of barrier to entry for other firms, often a patent held by the controlling firm. MORE

Potassium (K)

Science / Periodic Table of Elements / Potassium (K): Atomic number: 19, Atomic mass: 39.0983 g.mol -1, Electronegativity: 0.8, Density: 0.86 g.cm -3 at 0 °C, Melting point: 63.2 °C, Boiling point: 760 °C, Vanderwaals radius: 0.235 nm, Ionic radius: 0 MORE

Lollard

Entertainment / Literature / Lollard: (possibly from Dutch, 'mumbler') Lollards were heretics in the 1300s and 1400s associated with a variety of causes including (1) translation of the scripture into English, (2) the right of women to pr MORE

Whorfs Hypothesis

Entertainment / Literature / Whorfs Hypothesis: A proposal that language affects how its speakers perceive and react to the world--and that the limitations of language thus become the limitations of human thought. Although first set forward by amat MORE

Sherman Anti-Trust Act

Business / Agriculture / Sherman Anti-Trust Act: The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers, the law MORE

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