Examlex
More than half of adults will yawn when they are shown videos of people yawning.
Purely Competitive Market
A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and ease of entry and exit, leading to price-taking behavior.
Barriers to Entry
Factors that prevent or impede the ability of a new competitor to enter an industry and compete with existing firms.
Price Differences
Variations in the cost of goods or services, often arising from factors like geographical location, demand, or manufacturing costs.
Market Demand
The total demand for a product or service within a market, summing up the individual demands of all potential buyers.
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