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Monopolist
A market participant that is the sole seller of a good or service, enabling them to control the market price.
United States
A country in North America, comprising 50 states, known for its economic and military power as well as its cultural influence worldwide.
England
A country in Europe known for its rich history, contributions to economic theory, and as the birthplace of the industrial revolution.
Demand Segmentation
The process of dividing a market into distinct subsets of customers according to different needs, characteristics, or behaviors, who might require separate products or marketing mixes.
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