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Explain why soap that has an alkaline base may not be healthy for some patients to use daily.
Monopolistic Firm
A single firm that dominates a market or industry, having significant control over the price and supply of a product or service.
Monopolists
Individuals or entities that are the sole providers of a particular product or service, allowing them control over market prices and supply.
Perfectly Competitive
A market structure where there are many buyers and sellers, all selling identical products, and no single entity can influence the market price.
Market Power
The ability of a firm or group of firms to control prices and output levels in a market.
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