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Steady-state growth in free cash flows could be driven by long-run expectations for growth attributable to:
Economic Losses
Financial losses incurred by businesses or the economy as a whole, often as a result of unfavorable market conditions.
Oligopolists
Companies or entities that dominate a particular market, where a few businesses hold significant market share, potentially affecting prices and competition.
Cartel Members
Companies or countries that agree to control production and prices, often to limit competition and maximize collective profits.
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