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What effect did adult intervention have on the children's discussions about race and ethnicity?
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar across suppliers, ensuring no single entity can control prices.
Entry Barriers
Obstacles that make it difficult for new competitors to enter an industry or market.
Regulatory Standards
Specifications and guidelines established by authorities designed to ensure products, services, and actions meet required safety, quality, and performance criteria.
Competitive Price-searcher Market
A market structure where firms set their own prices because products are differentiated, giving them some degree of pricing power.
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