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Rick Russell owns a small company that specializes in waste cleanup on the high seas.He believes that his company can grow dramatically if he can find foreign partners and investors.According to the events and trends cited in the text as affecting global business today,which of these trends would have the most impact on Mr.Russell's business? Explain your rationale.
Product Variety
The assortment of different products or services offered by a company or available in a market.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical, allowing for competition but with some level of market power.
Pure Competition
A market structure characterized by a large number of small firms, similar products, and very little control over price.
Monopolistic Competition
A market structure in which many firms sell products that are similar but not identical, allowing for significant differentiation and competition.
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