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Buttes are isolated steep-sided, pinnacle-like hills formed when resistant cap rock is breached and less resistant underlying rocks are eroded.
Oligopolistic Market
A market structure characterized by a small number of large firms dominating the industry, with significant barriers to entry for new competitors.
Price Wars
A competitive situation in which retailers and manufacturers continuously reduce prices to outdo each other, often resulting in minimal profits.
Comparative Advertising
A marketing strategy where a brand's product or service is directly compared to a competitor's to highlight its superiority.
Pure Monopoly
A market structure where a single seller has exclusive control over a product or service, with no close substitutes available.
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