Examlex
When do anxiety disorders typically develop?
Fringe Firms
Smaller companies in a market that operate alongside the largest or mainstream businesses, often filling niches or offering alternative products.
Price Takers
Firms or individuals in a market who accept the prevailing prices and whose actions have no effect on said prices due to their small market share.
Kinked Demand
A demand curve that has a distinct bend or kink, typically resulting from an oligopolistic market structure where firms face different elasticities for price increases versus price decreases.
Oligopoly Model
A market structure characterized by a small number of large firms that dominate the market, leading to limited competition and potentially collusive behavior.
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