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Herfindahl-Hirschman Index
A measure of market concentration that is calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.
Squared Market Shares
A measure used in the analysis of market concentration, calculating each firm's market share squared and summing them to assess competitive environments.
Industry
An industry is a group of companies that operate in a specific sector of the economy, often producing similar goods or services.
Cartel
An agreement among several producers to obey output restrictions in order to increase their joint profits.
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