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The first step of the QA recommended by The Joint Commission (TJC) is to __________________.
Price Leader
A company that has a dominant market share and can influence the pricing policies of competitors within the industry.
Dominant Firm Model
A market structure where one firm has a large market share and sets prices, while other smaller firms follow its pricing strategy.
Fringe Firms
Smaller companies in a market that compete alongside larger firms, often by serving niche segments or employing innovative strategies to maintain market presence.
Monopolist
A seller that is the sole provider of a good or service in a market, thus controlling the market entirely.
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