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State and evaluate the arguments made for concentration of market power.
State Utility Commission
A governmental body responsible for regulating the rates and services of utilities within a specific state.
Electric Power
The rate at which electrical energy is transferred by an electric circuit, typically measured in watts.
Price Competition
The focus on setting a product price as the primary competitive strategy to attract customers in a market.
Video Game Console
A specialized electronic device designed to play video games that connect to a television or other display media.
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