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The difference between weather and climate is that the latter is an accumulation of the former over an extended time period.
Competitive Market
A market structure characterized by a large number of sellers and buyers, where no single entity has significant power to influence prices or market conditions.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on non-price factors.
Regional Brands
Brands that are marketed and distributed within a specific geographic area and tailor their products or marketing to local preferences.
Monopolistic Competition
A market structure characterized by many sellers offering differentiated products, allowing for some degree of market power and product differentiation.
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