Examlex
China's population continues to grow despite the fact that its fertility rate has fallen below the replacement rate.What phenomenon best explains this growth?
Oligopoly
A market structure characterized by a few firms dominating the industry, leading to limited competition and potentially higher prices for consumers.
Pure Competition
A market scenario where numerous sellers offer homogenous products, making the market highly competitive.
Differentiated Oligopoly
A market structure where a few firms dominate the industry but offer products that are distinct in some aspect, leading to non-price competition among them.
Quality and Design
Aspects of products or services that dictate their overall appeal, functionality, and satisfaction to the consumer.
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