Examlex
Without using a calculator, give the exact trigonometric function value with rational denominator.
-tan 60°
Price-leadership Model
An economic concept where one or more dominant firms set their prices, and other, smaller firms in the industry then follow by setting the same or similar prices.
Dominant Firm
A company that holds a large portion of the market share within its industry, exerting significant influence or control over market conditions, including prices and product offerings.
Oligopoly
A market structure in which a small number of firms have the large majority of market share.
Cournot Model
An economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide independently of each other and at the same time.
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