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Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, allowing them some power to set prices.
Oligopoly
A distinct form of market where only a few companies have significant influence over industry prices and competition.
Herfindahl Index
A measure of market concentration used to determine the competitive landscape by summing the squares of the market shares of all firms in the industry.
Market Shares
The segment of a market dominated by a specific company or product, usually represented as a percentage.
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