Examlex
Clipping is the process of transferring an item from a clipboard to a specific location in a document.
Entry Barriers
Obstacles that make it difficult for new firms to enter a market, including high start-up costs, stringent regulations, and strong incumbent competition.
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over competing brands due to preference or satisfaction.
Monopoly Power
The ability of a single producer or seller in a market to control prices and exclude competition, often leading to less choice and higher prices for consumers.
Cartels
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize profits collectively.
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