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The aesthetics of a culture must be taken into account by marketers when:
Deregulation
The reduction or elimination of government power in a particular industry, usually with the aim of creating more competition within the industry.
Monopoly
A market structure characterized by a single seller who has exclusive control over the supply and pricing of a unique product or service.
Negative Externalities
Unintended and unfavorable side effects of an economic activity that affect third parties not involved in the activity.
Majority Voting
A voting system where decisions are made based on the preference of more than half of the votes cast, commonly used in elections and organizational decision-making.
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