Examlex
How many ports are there in UDP and TCP?
Number of Firms
This refers to the total count of businesses operating within a specific market or industry.
U.S. Cigarette Industry
The industry comprising companies operating within the United States that manufacture, distribute, and sell cigarettes and related products.
Oligopoly
A market structure characterized by a small number of firms that dominate the market, leading to limited competition and potentially higher prices for consumers.
Perfectly Competitive
describes a market structure where there are many buyers and sellers, products are homogeneous, and there are no barriers to entry or exit, leading to optimal distribution and resource allocation.
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