Examlex
Glucose enters a cell via a glucose transporter. What prevents glucose molecules from moving back through the transporter and leaving the cell?
Differentiated Products
Goods or services that are distinguished from similar products by characteristics like quality, design, and branding, which affect consumer choice.
Interdependence
A relationship among firms in which their decisions significantly affect one another’s profits; characteristic of oligopolies.
Oligopoly
A market structure characterized by a small number of firms that control a large portion of the market share, influencing prices and competition.
Barriers to Entry
These are obstacles that prevent new competitors from easily entering an industry or area of business.
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