Examlex
Because he is so inventive, Odysseus is able to craft an agreement with the suitors' families, so that the poem ends in peace.
Profit Rewards
The financial gains that accrue to entrepreneurs or investors as a result of taking a risk in the marketplace.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and no single firm having market control.
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.
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