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Herfindahl Index
A measure of market concentration used to determine the degree of competition within an industry.
Mergers
The combination of two or more companies into a single entity, often with the goal of increasing market share, reducing costs, or enhancing competitiveness.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for significant degrees of market power and product differentiation.
Oligopoly
A market structure characterized by a small number of firms which dominate the market, leading to limited competition and often high prices.
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