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Oligopoly
An oligopoly is a market structure dominated by a small number of large firms, leading to limited competition, where the actions of one firm significantly impact the others.
Interdependent Firms
Companies whose outcomes are mutually affected by each other's decisions, often observed in oligopolistic markets.
Oligopoly
An economic configuration where a limited number of companies hold considerable authority over pricing and competitive dynamics in the market.
Barriers to Entry
Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and operate in a market or industry.
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