Examlex
Chaz is tired of lugging around a digital camera on location site visits as he tries to identify potential retail properties, so he decides to buy a new cell phone with a high quality digital camera. The desire for the new camera was prompted by ________.
Monopoly Power
The ability of a single entity to control or dominate an industry or sector, limiting competition.
Antitrust Violation
An offense that occurs when business practices harm competition or create a monopoly, contrary to laws designed to promote fair competition in the market.
Market Share
The percentage of an industry's total sales that is earned by a particular company over a specific time period.
Market Concentration
The degree to which a small number of firms control a large percentage of a relevant market.
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