Examlex
Which facial recognition database would most likely contain the photos of criminals?
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition and often higher prices for consumers.
Differentiated Product
A product that is distinct from similar products offered by competitors because of features, branding, quality, or other attributes.
Price Elasticity Of Demand
A measure of how much the quantity demanded of a good responds to a change in price.
Price Discrimination
The strategy of selling the same product or service at different prices to different customers, based on their willingness to pay.
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