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Control Over Price
The ability of a company or seller to dictate the price of a product or service in the market.
Pure Competition
A market structure characterized by an extremely high level of competition, where there are many sellers offering standardized products.
Monopolistic Competition
A market structure in which many firms sell products that are similar but not identical, allowing for competition based on quality, price, and branding.
Goods Offered
The products made available to consumers in the market, including tangible items that satisfy needs or wants.
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