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Differentiated Products
Goods that are distinguished from one another by quality, design, branding, and other features that make them unique to consumers.
Easy Entry And Exit
A market characteristic where firms can freely enter or leave the industry without substantial barriers.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and product differentiation.
Monopolistically Competitive
Describes a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.
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