Examlex
The nights are cold on Mercury because it has a negligible atmosphere.
Close Substitutes
Goods or services that can serve as replacements for each other with minimal difference in utility for the consumer.
Oligopolistic
Describing a market structure dominated by a few large producers or sellers who have significant control over prices and market share, often resulting in limited competition.
Monopolistic
Relates to a market structure where a single firm dominates the market, often leading to limited competition.
Differentiate Products
The strategy of distinguishing a product from its competitors through design, features, branding, or quality.
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