Examlex
Explain what cache is used for, making sure to cover each of the types of cache.
Dominant Firm Model
A market structure in which one firm has a major share of total sales and sets the price for the whole market, influencing the behavior of smaller competitors.
Fringe Firms
Fringe firms are smaller companies in a market that compete alongside the larger, dominant firms, typically having a minimal market share.
Competitive Firms
Companies that operate in a market where no single producer or consumer has the market power to influence prices significantly.
Oligopolistic Market Outcomes
In an oligopolistic market structure, outcomes often include limited competition, price stability or price wars, and potential for collusion among the few dominant firms.
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