Examlex
Define culture lag and provide two examples.
Competitive Forces
The external factors that influence the competitive position of a firm in an industry or market.
Interdependent
A situation where entities or individuals depend on each other, often seen in economic and social settings.
Oligopoly
A market structure in which a few firms dominate the market, leading to a high level of market concentration.
Oligopolistic Industry
A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior and interdependence.
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