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Sticky Prices
A situation in economics where the prices of goods and services are slow to respond to changes in the supply and demand.
Herfindahl-Hirschman Index
A measure of market concentration to assess the level of competition within an industry.
Degree of Concentration
A measure of the extent to which a small number of firms or entities dominate in a particular market or industry.
American Economy
The economic system of the United States, characterized by a mixed economy with private and public enterprise.
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