Examlex
According to Pomerantz, differences in academic achievement between students in the United States and China is primarily a function of:
Monopolists
Firms or individuals that are the sole providers of a particular product or service in a market, giving them the power to set prices without competition.
Profitable
The ability of a business or activity to generate earnings that exceed its expenses and costs.
Suppliers Concentrated
A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.
Switching Costs
Economic barriers that prevent or discourage consumers from changing products or service providers.
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