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People wanting to use their mobile devices at work has led to the practice of "bring your own device BYOD)"
Competitive Markets
Markets characterized by the presence of multiple sellers and buyers, leading to a high level of competition and consumer choice.
Pure Monopoly
A pure monopoly exists when a single company or entity is the sole provider of a particular product or service, facing no competition in its market.
Monopolistic Competition
A market configuration where numerous firms offer similar, yet not identical, products, providing them with a certain level of market influence.
Pricing Constraints
Factors that limit the range or extent to which prices can be set for goods and services, including cost, demand, competition, and legal issues.
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