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Barriers To Entry
Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.
Monopolistic Competition
Market in which firms can enter freely, each producing its own brand or version of a differentiated product.
Monopoly
A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.
Differentiated Products
Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.
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