Examlex
How do the saliency and conflict associated with an issue affect how or if it gets on the government's agenda? Explain your answer.
Monopolistic Competition
A market structure characterized by many firms offering products that are similar but not identical, leading to competition based on product differentiation, prices, and marketing.
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.
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