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Published byLoraine Aileen Howard Modified over 8 years ago
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A company controls a industry product.
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a contest for some prize, honor, or advantage
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Are the assets which an economy may have available to supply and produce goods and services to meet the need
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A market condition that exists when there are few sellers.
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A market situation in which there exists homogeneous product
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Follow some guidelines set forth by the government to protect the public.
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The natural wealth of a country, consisting of land, forests, mineral deposits, water
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Goods that are themselves utilized in the production ofother goods r ather than being sold to consumers
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Any person and their particular abilities and skills
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A factor in a resource market under conditions of perfect competition is new.
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To a market situation where two or more firms offer essentially the same good or service
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Competition among the suppliers of different types of products that satisfy the same needs.
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Intense competition in which competitors cut retail prices to gain business.
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A marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attribute.
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