Instructions: Please Use This Outline Map of Europe to Answer

question 16

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Instructions: Please use this outline map of Europe to answer the question(s).

Mark the boundaries of the full extent of Justinian's Empire.

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Definitions:

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, design, and branding, which affect consumer choice.

Interdependence

A relationship among firms in which their decisions significantly affect one another’s profits; characteristic of oligopolies.

Oligopoly

A market structure characterized by a small number of firms that control a large portion of the market share, influencing prices and competition.

Barriers to Entry

These are obstacles that prevent new competitors from easily entering an industry or area of business.