Examlex
Write the word or phrase that best completes each statement or answers the question.
Establish the identity.
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Herfindahl-Hirschman Index
The Herfindahl-Hirschman Index (HHI) is a measure of market concentration used to determine the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and summing the resulting numbers.
Market Share
The share of the market held by a certain company or product.
Collusion
An agreement between firms to limit competition and manipulate markets in their favor, often in ways that are illegal or unethical.
Monopolist
A monopolist is an entity that has exclusive control over the supply of a particular good or service, facing no competition in its market.
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