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Define the following:empirical hypothesis
Monopoly
A market structure characterized by a single seller, selling a unique product in the market with no close substitutes, often leading to higher prices for consumers.
Transparency International
A non-governmental organization that aims to combat global corruption and promote transparency, accountability, and integrity in all sectors.
ISO 7000 Code
A collection of internationally recognized symbols published by the International Organization for Standardization that facilitate the use of products and services.
Consumer Bill of Rights
A set of guidelines designed to protect consumer interests, outlining their rights to safety, information, choice, and to be heard in the marketplace.
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