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Xerox Had a Monopoly on Photocopiers for Several Years as the Technology

question 44

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Xerox had a monopoly on photocopiers for several years as the technology underlying the photocopier was protected by strong patents.As it served a universal need,this favorable position led Xerox to pursue a(n) _____ strategy.


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Individuals who hold citizenship in the United States, either by birth or naturalization, providing them with specific rights and responsibilities.

Market Economy

A market economy in which choices about investment, production, and the allocation of goods are driven by the forces of supply and demand, with the prices of goods and services being established by a free market pricing mechanism.

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A particular philosophy or conception of the world and humanity's place within it.

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The international network of economic activities, trades, and policies that connect the world’s economies, influencing global business and markets.

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