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Two bulbs are shown in a circuit that surrounds a region of increasing magnetic field directed out of the page.When the switch is closed,
Market Structure
The organizational and other characteristics of a market, influencing the level of competition and pricing within the market.
Oligopoly
A market structure in which a few firms sell either a standardized or differentiated product, into which entry is difficult, in which the firm has limited control over product price because of mutual interdependence (except when there is collusion among firms), and in which there is typically nonprice competition.
Innovate
The act of introducing new ideas, devices, or methods to improve productivity, efficiency, or creating new products or services.
Innovation
The process of introducing new ideas, devices, or methods, often leading to technological progress or improved solutions.
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