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RVM Corp. is currently in the process of hiring recent college graduates for its internship positions. Which of the following should the company do when emailing candidates who did not qualify for an in-person interview round?
Price Leadership
A situation where the dominant firm in a market sets the price of a good or service, which is then followed by other firms.
Line of Computers
A series or range of computers produced by a company, often sharing similar features or marketed for similar audiences.
Product Differentiation
The process by which companies distinguish their products or services from those of competitors, through unique features, branding, or quality.
Oligopoly
A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition and potentially collaborative behavior among firms.
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