Examlex
What groups of students are NOT specifically included in IDEA?
Pure Competition
A market structure characterized by a large number of small firms, similar products, and free entry and exit, leading to perfect competition.
Oligopoly
A market structure dominated by a small number of large firms, leading to limited competition and often strategic behavior among firms.
Oligopoly
A market structure in which a few firms dominate, and each one can significantly affect prices and other market factors.
Four-firm Concentration Ratio
An indicator of the extent to which the four largest firms dominate an industry, measured by their combined market share.
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