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Non-price Competition
A strategy by businesses to attract customers through methods other than lowering prices, such as quality improvement, marketing, or product differentiation.
Herfindahl-Hirschman Index
A measure of market concentration used to determine the level of competition within an industry.
Market Share
The portion of a market controlled by a particular company or product.
Oligopolistic Models
Economic models that describe markets in which a few firms dominate, often leading to pricing and output decisions that consider the actions of competitors.
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