Examlex
Natural selection operates on an individual's __________.
Differentiated Products
Goods or services that are distinct from those offered by competitors, making them non-identical and typically appealing to different consumer preferences.
Contestable Market
A market where entry and exit are costless enough that companies face potential competition, leading to competitive pricing and behavior as if the market were competitive, even if it’s dominated by a few firms.
Market Entry
The strategy or process by which a company enters a new market.
Market Exit
The process of a company stopping its business operations or leaving a market, often due to unprofitability or strategic realignment.
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