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Identical Products
Goods that are exactly the same in every feature, quality, and specification, allowing no variation between them.
Many Competitors
A market condition characterized by the presence of numerous firms competing with each other.
Monopolistic Competition
A market structure where many companies sell products that are substitutes but differentiated from each other by branding, quality, or other features, allowing some degree of pricing power.
Retail Clothing
The sale of clothing and apparel to consumers through stores or online platforms.
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