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<strong>Repayment start date</strong> – the date the repayment period begins. For Stafford Loans, the repayment period begins on the day following the last day of the grace period. For PLUS Loans, repayment begins on the date the loan is fully disbursed. (PLUS Loans are, however, eligible for an in-school deferment when the borrower is enrolled at least half time.)
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monopoly (Ll)<br />The sole producer of the entire output of goods and services of an industry. A monopoly usually has INELASTIC demand for its products, unless the industry is so narrowly defined that there are some near substitutes produced by other industries. Under monopoly, the demand curve for the firm is also the demand curve for the industry. If the monopoly follows the rule of profit maximization, i.e. it equates the MARGINAL REVENUE and MARGINAL COST of production, it has an opportunity to earn SUPERNORMAL PROFITS. In the past, major examples of monopolies were chartered trading companies such as the East India Company; today, PUBLIC ENTERPRISES are the Herfindahl-Hirschman index; Lerner index
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