Examlex
Explain how social identity theory accounts for ingroup favoritism.
Oligopolistic Market
A market structure characterized by a small number of large firms dominating the market, leading to limited competition and possibly collusive behavior.
Homogeneous
Describes products or items that are uniform in nature and cannot be differentiated from one another.
Differentiated
Characterized by the process of distinguishing a product or service from others, to make it more attractive to a particular target market.
Oligopoly
A market structure characterized by a small number of large firms dominating an industry, often resulting in limited competition.
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