Examlex
The process by which one species gives rise to multiple species that exploit different features of the environment is called ________.
Contestable Markets Model
An economic concept suggesting that a market is competitive if entry and exit costs are low, even if it is dominated by a few firms.
Oligopoly
A market structure characterized by a small number of large firms dominating the industry, leading to limited competition and potential for collaboration in setting prices.
Differentiate Products
Strategies employed by businesses to make their products stand out from those of competitors, such as through quality, design, or features.
Oligopolies
Market structures characterized by a small number of firms dominating the market, leading to reduced competition.
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