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In a typical game of what Williams and colleagues called cyberball,participants:
Market Structure
Market structure refers to the organizational and other characteristics of a market, including the level of competition and the nature of market participants.
Oligopoly
An industry with just a few firms.
Perfect Competition
A market structure characterized by a large number of small firms, homogenous products, free entry and exit from the market, and full information availability, leading to no single firm influencing the market price.
Concentration Ratio
A metric used in economics to assess the degree of market concentration by measuring the market share of the largest firms within an industry.
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