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The Rev. Sylvester Graham, inventor of the Graham cracker, believed that a diet high in whole grains helped
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for significant differentiation and competition on factors other than price.
Pricing Power
The ability of a company or entity to control or influence the price of its products or services in the market.
Product Differentiation
The process businesses use to make a product more attractive by distinguishing it from similar products through unique features, branding, and quality.
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