Examlex
Puritans viewed which of the following as essential to their New England commonwealth?
Herfindahl Index
A calculation of how concentrated a market is, achieved by adding together the market share squares of every firm within that industry.
Market Power
The ability of a company or group of companies to manipulate prices or market conditions in their favor, often due to a lack of significant competition.
Oligopoly
A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices.
Monopoly
A market configuration where there is only one seller offering a distinctive product in the marketplace.
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