Disposable Income
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money left after taxes and paying for necessities
Pure Competition
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Many sellers that have similar products
Value Consciousness
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concern for obtaining the best quality, features, and performance of a
product or service for a given price (driven by consumers)
Culture
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the set of values, ideas and attitudes that are learned shared among
members of a group
Social
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demographics of the population/culture
Pure Monopoly
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One firm sells the product
4 forms of competition
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money left after taxes and paying for necessities
Pure Competition
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Many sellers that have similar products
Value Consciousness
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concern for obtaining the best quality, features, and performance of a
product or service for a given price (driven by consumers)
Culture
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the set of values, ideas and attitudes that are learned shared among
members of a group
Social
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demographics of the population/culture
Pure Monopoly
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One firm sells the product
4 forms of competition
