Examlex
Web 3.0 will deliver a new generation of business applications that will see business and social computing converge on the same fundamentals as on-demand architecture is converging with consumer applications today.
Product Demand
The desire and willingness of consumers to purchase a particular good or service at a given price.
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.
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