Examlex
Identify the following terms.
-the "scramble for Africa"
Oligopoly
A market structure characterized by a small number of firms whose decisions about prices and output mutually influence one another.
Oligopolists
Oligopolists are firms within an oligopoly, a market structure characterized by a small number of firms dominating the market, often leading to limited competition.
Compete On Price
A business strategy focusing on offering goods or services at lower prices than competitors to attract customers.
Differentiated
Pertaining to products or services that are distinguished from similar products or services by unique characteristics, branding, quality, or performance.
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