Examlex
The term ________ has been coined to refer to companies' attempts to use all kinds of information systems to improve their performance.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition and higher prices for consumers.
High Barriers
Obstacles that make it difficult for new entrants to enter a market, including high starting costs, stringent regulations, or strong competition.
Differentiated Products
Goods or services that are distinguished from others by quality, branding, or other features, leading to non-price competition among firms.
Collude
When two or more firms work together to set prices, limit supply, or engage in other practices to restrict competition and manipulate market outcomes.
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