Examlex
Discuss why notebooks and their replacement parts cost more than desktop PCs with similar features.
Herfindahl Index
A measure of market concentration, calculated by summing the squares of the market shares of all participants in the market.
Market Shares
The portion of a market controlled by a particular company or product, typically expressed as a percentage of the total market.
Four-Firm Concentration Ratio
An economic measure that assesses the concentration of business within an industry, represented by the combined market share of the four largest firms.
Effective Cartel
An organization of producers that agree to coordinate prices and production to monopolize a market or maximize collective profits.
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