Examlex
Which of the following is a method to contain the costs of benefits?
New Rivals
refers to competitors that enter a market and challenge existing firms with their products, services, or business models.
Cartel
An association of manufacturers or suppliers with the purpose of maintaining high prices and restricting competition.
Differentiated Product
A product that is distinguished from similar products offered by competitors because of unique characteristics or features.
Homogeneous Product
A product that is identical or almost identical in features, functions, and quality across different suppliers.
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