The Term Referring to a Difference, but Not Necessarily Involving

question 59

Multiple Choice

The term referring to a difference, but not necessarily involving discrimination is:

• A) distinction
• B) differentiation
• C) dissention
• D) disparity

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Definitions:

Purely Competitive

A business environment marked by the proliferation of many small enterprises, a uniform product, and effortless procedures for both entry and exit.

Market Price

The ongoing rate at which a service or asset is traded in a particular market.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for its product or service.

Industry Depicted

A graphical or descriptive representation of a sector's characteristics, trends, and dynamics.