Examlex
The economic loss rule holds that in case of a breach of contract, only economic losses, not such things as mental distress, will be compensated.
Competitor
An individual or company in the same industry or market that sells or provides similar products or services, thereby engaging in competition.
Concentration Ratio
The percentage share of industry sales by the four leading firms.
Industry's Concentration
A measure of the extent to which market share is dominated by a few large companies within a particular industry.
Price Discrimination
Occurs when a seller charges two or more prices for the same good or service.
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