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What is the difference between real GDP per worker and real GDP per effective worker?
Market Structure
The organization and characteristics of a market, including the number and size of sellers, product differentiation, and ease of entry and exit.
Monopolistic Competition
A market structure in which many firms sell products that are similar but not identical.
Market Structure
The organizational characteristics of a market, influencing competition and pricing, including perfect competition, monopolistic competition, oligopoly, and monopoly.
Oligopoly
A market structure characterized by a small number of firms dominating the market, often leading to limited competition.
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