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Competitive Forces
The various external factors that influence the competitive position and market power of a business within its industry.
Level of Competition
Describes the intensity and number of competitors in a market, which can influence pricing, product innovation, and consumer choice.
Profitability
The degree to which a business or activity yields profit or financial gain.
Oligopolists
Firms within a market structure characterized by a small number of large firms controlling the market, often leading to limited competition.
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