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Tyrone's business has been able to successfully redirect a competitor's traffic to his website.Which statement most strongly supports the competitor's attempt to recover its customer traffic flow?
Oligopoly
A form of industry (market) structure characterized by a few dominant firms. Products may be homogeneous or differentiated.
Differentiated Products
Goods or services that are distinct from others based on quality, features, and branding to compete in the market.
Industry Entry
The process by which new companies or businesses begin to compete in an existing market.
Oligopoly
A market structure characterized by a few companies controlling the majority of market share, which can lead to limited competition.
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