Examlex
When ________ substitutes exist, a firm in an imperfectly competitive industry has ________ power to raise price.
Hidden Agendas
Secret or unspoken motives or intentions behind certain actions or decisions, often diverging from the stated objectives.
Cooperative Group
A group of individuals working together towards a common goal or objective, emphasizing collaboration and mutual support.
Competition
A situation in which individuals or entities vie for the same objective or resource that is in limited supply.
Competitive Group
A collection of individuals or entities that compete against each other in a specific domain or activity, aiming for superiority or victory.
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