monopolistic

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Last updated 11:40 AM on 6/9/26
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5 Terms

1
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number of firms in industry

large number of firms

2
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product

Differentiated, similar products but not identical, eg packaging, marketing, human capital, and distribution

3
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Barriers to entry

Small barrier to entry, it is seen through brand loyalty to customers to certain businesses

4
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Firm’s control over price

Controls price through product differentiation and brand building.

5
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examples

nike and puma