Examlex
Explain how school choice is growing in Canada.
Monopolistic Competition
A market structure characterized by many competitors selling products that are similar but not identical.
Pure Competition
A market structure characterized by a large number of sellers offering identical products, where no single seller can influence market prices.
Substitutes
Products or services that can serve as replacements for each other, fulfilling the same need or desire.
Market Segments
Groups of potential customers with similar needs, wants, and characteristics that a company targets with its products or services.
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