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What steps can managers take in order to retain their star employees?
Imperfectly Competitive Market
A market structure where the assumptions of perfect competition, such as a large number of buyers and sellers, homogeneity of products, and free market entry and exit, are not fully met.
Purely Competitive
A market structure characterized by many buyers and sellers, free entry and exit, and a standardized product.
Product Selling
The process of marketing and selling goods or services to customers.
Purely Competitive Conditions
A market scenario where numerous small suppliers offer identical products, resulting in no single supplier having any market control.
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