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Why might only a few firms dominate an oligopolistic industry?
Self-efficacy
The belief in one's ability to succeed in specific situations or accomplish a task.
Self-image
An individual's mental representation of themselves, which includes perceptions, thoughts, and feelings about their abilities and characteristics.
Conditioning
A technique of changing behavior whereby a person begins to link a behavior they desire with a stimulus that was once not related to it.
Collectivism
A social and cultural value that emphasizes the importance of groups and communities over individual achievement and interests.
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