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Concentration Ratio
A measure of the market share held by the largest firms within an industry, used to assess the level of competition.
Motor Vehicle Industry
The sector of the economy associated with the production, marketing, and maintenance of motor vehicles.
MC2
A formula representing the equivalence of mass (m) and energy (E), with c2 signifying the speed of light squared, as theorized by Albert Einstein in his theory of relativity.
Cartels
Associations of independent businesses or organizations that collaborate to control prices, limit competition, or regulate the production and distribution of goods and services.
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