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Stackelberg model (Ll)<br />A model of DUOPOLY devised by Heinrich von Stackelberg in his 1934 book Marktform unter Gleichgewicht. This describes the relationship between a leading firm and a follower in their output decisions. A follower chooses the profit-maximizing output. Each firm desires to act as a follower knowing the other will do so also.
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light industry (L6)<br />An industry using raw materials and components light in weight and noted for a great amount of vALUE ADDED, e.g. the computer assembly industry.<br /> See also: heavy industry; industry limited arbitrage (GO)<br />Market activity that is too weak to bring security prices back to their efficient levels
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<strong>NDSL</strong> – National Direct Student Loan, renamed the Federal Perkins Loan Program in 1992. (Note: this is NOT the same program as the William D. Ford Direct Loan Program, or FDLP.)
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