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Differentiated Products
These are products that are distinct from one another on the basis of branding, quality, or other characteristics that are valued by consumers.
Barriers
Obstacles that prevent entry into a market or hinder competition within a market.
Market Structure
The features of a market, including its structure, that affect how competition and pricing are determined.
Monopolistic Competition
A common form of industry (market) structure characterized by a large number of firms, no barriers to entry, and product differentiation.
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