Examlex
Write an inequality to describe the half-space consisting of all points to the left of a plane parallel to the -plane and 11 units to the right of it.
Barriers
Obstacles that prevent entry into a market or hinder competition within a market.
Market Structure
The features of a market, including its structure, that affect how competition and pricing are determined.
Monopolistic Competition
A common form of industry (market) structure characterized by a large number of firms, no barriers to entry, and product differentiation.
Perfectly Competitive
A market structure where there are many sellers and buyers, homogeneous products, and no single buyer or seller can influence prices.
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