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Measurement of the sizes of hot spots in the temperature distribution of the cosmic microwave background suggests that the universe is flat.Yet the combined density of all the matter and energy we see,plus the dark matter we infer,is only about a quarter of the critical density.What conclusion have we drawn from this discrepancy?
Purely Monopolistic
Characterizes a market scenario where one entity exclusively controls the entire market for a product or service, eliminating all direct competition.
Downsloping Demand Curve
A graph representing the relationship between the price of a good and the quantity demanded, indicating that as price decreases, demand increases.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, stringent regulations, and established brand loyalty.
Pure Monopoly
A market structure where a single firm is the sole producer of a product or service with no close substitutes.
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