Examlex
What is the ideal person in Confucius teachings?
Differentiated Oligopoly
A market structure where a few companies control a large portion of the market share and compete by selling similar but not identical products.
Kinked Demand Curve
A theoretical graph showing a situation in oligopolistic markets where price increases by one firm do not lead to increases by competitors, creating a "kink" in the curve.
Four-Firm Concentration Ratio
A metric used to assess the degree of market concentration, represented by the combined market share of the four largest firms in an industry.
Profitability
The extent to which an enterprise or operation generates income or economic benefits.
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