Examlex
Why do special interest groups have a disproportionate amount of influence compared to voters in general?
Vertical Merger
A merger between two or more companies operating at different stages in the production process of a good or service.
Horizontal Merger
A merger between companies that operate in the same industry, often leading to consolidation in the market.
Herfindahl Index
A measure of market concentration, calculated by squaring each company's market share in the industry and then summing the squares.
Market Power
The ability of a company or entity to influence the price and output levels in a market.
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