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Price-fixing
The practice where businesses conspire to establish prices at a certain level, rather than letting them be determined by free-market forces.
Herfindahl Index
A measure of market concentration that is calculated by squaring the market share of each firm competing in a market and then summing the resulting numbers.
Economic Concentration
The degree to which a small number of firms occupy a large proportion of the market in a particular industry.
Market Shares
The portion of a market controlled by a particular company or product.
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