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Oligopolistic
Pertaining to a market structure characterized by a small number of firms controlling a large portion of the market share.
Market Structure
The organizational and other characteristics of a market that influence the nature of competition and pricing, such as the number of firms, product uniformity, and ease of entry.
Dominant Firms
Companies that possess a major share of the market, exerting significant control or influence over prices, production, or innovation within the industry.
Sherman Act
A basic antitrust legislation in the United States that outlaws practices leading to monopolies and encourages competitive conduct.
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