Examlex
One distinctive feature of all echinoderms:
Sellers
Entities or individuals that make available goods or services for purchasing within the market.
Price Taker
An economic actor that accepts the prevailing market prices and lacks the power to influence those prices due to its small market share.
Natural Monopoly
A market condition where a single supplier is most efficient in serving the entire market's demand, often due to high barriers to entry like significant infrastructural costs.
Perfect Competition
A market structure characterized by a large number of buyers and sellers, homogeneous products, free entry and exit, and perfect information.
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