What is (are) the product(s) of the following reaction?
Definitions:
Pure Monopoly
A market structure where a single supplier provides a unique product or service without any close substitutes, giving it significant control over market prices.
Differentiated Products
Goods or services that are distinguished from similar offerings by unique characteristics, branding, quality, or performance, allowing companies to compete other than on price.
Standardized Products
Goods or services that are uniform in quality and specifications across producers, allowing them to be interchangeable.
Sequential Games
A type of game in game theory where players make decisions one after another, allowing for consideration of previous moves.
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