Examlex
Explain why global climate change would increase wildfire activity in Canada.
Artificial Product Differentiation
The process by which companies make their products appear distinct from those of competitors, through branding or slight modifications, even when the core product is similar.
Concentration
The extent to which market share is dominated by a small number of companies within an industry.
Monopoly Power
The ability of a company to control or dominate an industry or market, setting prices and limiting competition due to lack of viable alternatives.
Tacit Collusion
A situation where firms indirectly coordinate actions not through direct communication but through understanding and mutual adjustments of strategies.
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