Examlex
Which of the following is NOT an alternative term for private labels?
Oligopolies
Market structures characterized by a small number of firms dominating the industry, often leading to limited competition and higher prices.
Price-leadership Model
A strategy where the dominant firm in a market sets the price of goods or services, and other firms in the industry follow suit.
Demand Elasticity
Demand Elasticity measures how sensitive the quantity demanded of a good or service is to a change in its price, income levels, or other factors.
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