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Describe two methods used to control the source program library.
Herfindahl Index
A measure of market concentration calculated by summing the squares of the market shares of all firms in the industry.
Herfindahl Index
A measure of market concentration to assess the level of competition within an industry, calculated by summing the squares of each company's market share.
Highly Elastic
Describes a situation where demand for a product is highly sensitive to changes in price, leading to significant changes in quantity demanded.
Highly Inelastic
A situation in which demand or supply changes very little in response to large changes in price, often applicable to essential or unique goods and services.
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