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Simplify the rational expression. If the rational expression cannot be simplified, so state.
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Concentrated Industry
An industry characterized by a few firms controlling a large market share, leading to reduced competition.
Relatively Small
A comparative term indicating that something is smaller in size, amount, or degree when compared to others in a similar context.
Number of Firms
This refers to the total count of businesses operating within a specific market or industry.
U.S. Cigarette Industry
The industry comprising companies operating within the United States that manufacture, distribute, and sell cigarettes and related products.
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