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Describe the several varieties of stable/successful and unstable/unsuccessful marriages evident from Gottman's research. What quality or qualities do all the stable/successful pairs share?
Absolute Market Power
The ability of a single economic actor, or a group of actors, to control market prices, output, and/or the market entry of new competitors without external interference.
Barriers To Entry
Barriers to entry are obstacles that make it difficult for new firms to enter a market, including high startup costs, regulatory hurdles, and established competition.
Monopoly
A market structure characterized by a single seller selling a unique product with no close substitutes, leading to significant control over the market price.
Close Substitutes
Products or services that can serve as replacements for each other with minor adjustments, often similar in function or purpose.
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