The wave shown in the figure below is most similar to a(n) : 
Definitions:
Price Leader
A company that determines the price levels in the market due to its dominant position or competitive strategies.
Competitors' Prices
The cost at which rival businesses offer similar goods or services in the market.
Potential Competitors
Potential competitors are businesses or entities not currently in a market but have the capability and interest to enter the market and compete for the same customer base.
Price-sensitive
Describes consumers or markets that are highly responsive to changes in price, where price changes can significantly impact demand.
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