Examlex
What occurs when a job which was once dominated by men becomes dominated by women? Give an example.
Perfect Competition
A market structure characterized by a large number of sellers and buyers, homogeneous products, and no barriers to entry or exit.
Product Differentiation
A marketing strategy that businesses use to distinguish their product from similar offerings on the market.
Perfect Competition
A market structure characterized by many firms, freedom of entry and exit, homogeneous products, and perfect knowledge, leading to price taking behavior.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical, leading to competition based on quality, price, and marketing.
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