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8 Cards in this Set
- Front
- Back
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monopolistic competition |
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. |
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competition |
having competitive wars against a business |
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differentation |
the difference of having selling goods |
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Non-price competition is a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and |
nsjsj |
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oligopoly |
An oligopoly (from ὀλίγος (olígos), meaning "few", and πωλεῖν (polein) , meaning "to sell") is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to hig |
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Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors". One competitor |
the cost |
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collusion |
secret or illegal transaction |
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price fixing |
noun the maintaining of prices at a certain level by agreement between competing sellers. |
