Examlex
Why do firms need to invest in net working capital?
Oligopoly
A market structure characterized by a small number of firms controlling a large majority of the market share, leading to limited competition.
Dominant Price Leader
A firm that has the biggest market share in an industry and whose price changes are usually followed by other firms in the market.
Oligopoly
A market structure characterized by a small number of firms which dominate the market, leading to limited competition and potentially higher prices for consumers.
Price Leadership
A form of oligopoly in which one dominant firm sets prices and all the smaller firms in the industry follow its pricing policy.
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