Examlex
Talk about:
-Theocritus
Oligopoly
A market setup where just a few companies dominate the market, resulting in minimal competition.
Concentration Ratio
A measure used in economics to assess the extent of market control held by the top firms within an industry, indicating the degree of market competition.
Brand-Name Hotel
A hotel that is part of a famous or widely recognized chain, often distinguished by a well-known trademark or brand identity.
Concentration Ratio
An indicator that measures the total market share of the top firms in an industry, used to assess the level of market concentration.