Examlex
What is the Anti-Bribery Convention of the Organization for Economic Cooperation and Development?
Highly Concentrated
Describes a market or industry dominated by a small number of firms, leading to reduced competition and possibly higher prices and lower output.
Kaiser Aluminum
A key company in the aluminum industry, known for its operations worldwide.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to competitive yet collusive behavior among the firms.
Mutual Interdependence
A condition in which the actions of one participant in a market or industry significantly affect others, typically seen in oligopolistic markets.
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