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A photo sharing website stores the images to your account and enables you to share, print, and edit image files.
Vertical Axis
The y-axis in a graph, which typically shows the range of values for the variable measured.
Pure Competition
A market structure featuring a large number of small firms selling identical products, with no single firm able to influence market price.
Differentiated Products
Goods and services that are distinct from those offered by competitors due to unique characteristics, branding, quality, or features.
Market Price
The current value at which an asset or service can be bought or sold in an open market.
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