Examlex
Unusual or unique competitive factors are the means by which a business can differentiate itself from competitors.
Market Power
The ability of a company or entity to influence the price and control the market for its product or service.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and differentiated competition.
Differentiated Products
Goods or services that are distinguished from others by quality, design, branding, or other features, even if they serve the same purpose.
Monopolistic Competitor
A market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.
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