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Case 5-2
Dean has been using computers for some time now,but he is unfamiliar with a number of utility programs.In order to better maintain his computer,he decides to ask his coworker Andrea for advice on basic utility programs.
-Andrea advises Dean to remove unnecessary programs from his computer by using a(n) ____ utility.
Market Power
The ability of a firm or group of firms to influence or control prices or output in a particular market.
Barriers to Entry
are obstacles that make it difficult for new competitors to enter an industry, including high startup costs, strict regulations, and established brand loyalty.
Monopolistically Competitive
A market structure where many companies sell products that are similar but not identical.
Monopolies
Market structures characterized by a single seller controlling a large portion of the market and the lack of viable competition.
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