Examlex
Discuss the use of exit polls during the controversial struggles of the 2000 presidential election.
Substantial Entry Barriers
Significant obstacles that prevent or hinder new competitors from easily entering an industry or market.
Dominant Firms
Companies that possess a major share of the market and typically have considerable power to influence market conditions and prices.
Low Entry Barriers
Characteristics of a market or industry that make it easy for new companies to start operations and compete.
Homogeneous Oligopoly
A market structure characterized by a few firms producing identical or very similar products, leading to significant inter-firm competition.
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