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What evidence does the photoelectric effect provide that photons are not only waves?
Industry Concentration Ratio
A measure used to determine the extent of market control held by the largest companies within an industry, often indicating the level of competition.
Perfect Competition
A market structure where many firms sell identical products, entry and exit to the market are easy, and no single firm can influence the market price.
Medium-sized Firms
Companies that occupy the middle ground in terms of annual revenues and employee numbers, larger than small businesses but smaller than large corporations.
Oligopolists
Firms operating in a market structure characterized by a small number of companies that have significant control over market prices and competition.
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