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Why did many disaffected Whigs join the new American Party?
Product Differentiation
The process by which companies distinguish their products from those of competitors in the eyes of consumers, often through branding, design, and quality.
Tacit Collusion
A form of collusion that occurs without explicit agreement among competing firms, often through mutual understanding or adoption of similar behaviors.
Market Shares
The percentage of total sales or total revenue generated by a company in a particular market.
Price Leadership
Price leadership occurs when one leading company in an industry sets the price for its products, and other companies in the industry follow suit, often seen in oligopolistic markets.
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