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COGNITIVE ASSESSMENT What Is the Technology Featured in the Trend

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COGNITIVE ASSESSMENT What is the technology featured in the trend known as the Internet of Things?


Definitions:

Homogeneous Oligopoly

A market structure where a few firms offer products or services that are similar and interchangeable.

Herfindahl Index

A benchmark for evaluating the magnitude of firms against the backdrop of the industry, indicating competitive pressures.

Market Shares

The segment of a market dominated by a specific company or product, typically represented by a percentage of the overall sales within that market.

Composing

The act of creating or forming something, often referred to in the context of writing or music.

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