Examlex
Find the slope of the line, or state that the slope is undefined.
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Product Differentiation
The method of differentiating a product or service from competitors in the marketplace to enhance its appeal to a specific target audience.
Barriers
Obstacles that prevent new competitors from easily entering an industry or area of business.
Decision Variable
A variable, often under the control of a decision-maker, which influences the outcome of an optimization problem.
Market Structure
The organizational and characteristic features of a market, including the level of competition and number of participants.
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