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Which of the Following Would Least Likely Be Started as a Small

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Which of the following would least likely be started as a small business?


Definitions:

Increase

A rise in quantity, size, number, or some other measure.

Perfect Competition

A market structure where numerous small firms compete against each other, selling identical products, leading to optimal pricing and output levels.

Standardized Product

A product that is uniform in quality and produced in large quantities by many different firms.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in the industry.

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