Examlex
Identify the following terms.
-Persian Gulf and oil
Public Utilities
Organizations that provide essential services to the public, such as water, electricity, natural gas, and telecommunications.
Smartphone Industry
A sector of the technology market focused on the development, production, and sale of smartphones.
Oligopoly
A market structure characterized by a few companies having control over a significant portion of the market share, influencing prices and competition.
Purely Competitive
A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit into the market.
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