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MAP QUESTIONS
Instructions: Choose the letter on the accompanying map of Europe and the Middle East that correctly identifies each of the following:
Romania
Collusion
A secret or illegal cooperation between parties, typically to cheat or deceive others, often seen in contexts like business practices or trade.
Market Share
The percentage of total sales volume in a market captured by a brand, product, or company.
Herfindahl-Hirschman Index
A measure of market concentration used to determine the level of competition within an industry, calculated by squaring the market share of each firm within the industry.
Oligopoly
A market structure characterized by a small number of firms dominating the market, where each has significant control over prices and supply.
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