Examlex
Which of the following describes most of South America in the second half of the nineteenth century?
Availability
The degree to which a product or service can be purchased or accessed by consumers at a given time.
Consumer Tastes
Preferences and likings of consumers that influence their purchasing decisions and are shaped by cultural, social, and individual factors.
Close Substitutes
Products or services that can easily replace each other in the eyes of the consumer due to their similarities in function or utility.
Oligopoly
A market structure in which a few firms dominate, leading to limited competition and potentially higher prices and levels of cooperation.
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