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Sally is completing a questionnaire. Many times her answer to the question is influenced by what she thinks the researcher would like. This is called:
Near-monopolies
Companies or entities that dominate a market to such an extent that they face little competition, often controlling prices and supply in the market.
Oligopolistic Competition
A market structure in which a few large firms dominate the market, with limited competition between them.
Positive Sum Game
A situation in which all participants can gain or benefit in some way, in contrast to a zero-sum game where one's gain is exactly balanced by another's loss.
Herfindahl Index
A measure used to calculate the size of firms in relation to the industry and an indicator of the amount of competition among them; higher values indicate lesser competition.
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