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A dichotomous question is a question with three or more answers.
Highly Concentrated Industry
An industry characterized by a small number of companies holding a large market share, which can lead to reduced competition and higher prices.
Kellogg's Cereals
A brand of breakfast cereals produced by the Kellogg Company, known for varieties like Corn Flakes and Frosted Flakes.
Homogeneous Oligopoly
A market structure featuring a small number of firms offering products or services that are largely identical or undifferentiated.
Virtually Identical
Items or situations that are almost the same or very closely resemble each other in most aspects.
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