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Based on research around the world, Paul Ekman concludes that people everywhere have how many basic emotions?
Monopolistic Competition
Market in which firms can enter freely, each producing its own brand or version of a differentiated product.
Monopoly
A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.
Differentiated Products
Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.
Monopolistically Competitive
A market structure in which many firms sell products or services that are similar but not identical, allowing for competition on factors other than price.
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