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DDS uses a communication device called a(n) ____ to establish connections.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical, allowing for competitive pricing and product differentiation.
Creative Destruction
A concept in economics that describes the process by which new innovations replace outdated technologies and ideas, driving economic progress.
Concentrated Industries
Industries where a small number of firms dominate the market share, potentially leading to reduced competition and higher prices for consumers.
Innovative Firms
Companies that pioneer new ideas, technologies, or methods, leading to novel products or services and contributing to economic growth and competitiveness.
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