Examlex
Which of the following is a characteristic of a competitive market?
Archer
A person who practices archery, the skill of using a bow to shoot arrows.
Computer Chip
A small piece of semiconducting material, typically silicon, on which an integrated circuit is embedded.
Presale Testing
The evaluation of products or services before they are made available for sale to assess their market potential and customer response.
Probability
The likelihood of an event occurring, depicted as a number anywhere between 0 and 1.
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