Examlex
The longitudinal layer of smooth muscle in the large intestinal wall forms three bands called the ________.
Market Power
The ability of a company or entity to influence the price or terms of products in the market to its advantage, often because of its size or market share.
Contestable Markets
Markets where entry and exit are costless or very low, making the market susceptible to potential competition.
Differentiates Oligopoly
A characteristic of oligopoly markets where few firms dominate and each firm tries to distinguish its product or service from those of competitors.
Contestable
A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.
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