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Solve the absolute value inequality. Graph the solution set and write the solution in interval notation.
Cutthroat Competition
Cutthroat competition refers to a market situation where companies aggressively undercut each other's prices and policies to gain market share, often at the expense of profit margins.
Illegal
Pertains to actions, behaviors, or conditions that are against the law or statutory requirements.
Oligopoly
A market configuration where a few companies have substantial influence over the pricing and competitive landscape.
Large Firms
Companies that are considerable in size, often having extensive operations, large revenues, and many employees, playing significant roles in their industries.
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