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Collusion
An agreement between competing firms to control prices or exclude entry of a new competitor in the market, often in secret, to reduce competition and increase profitability.
Cutthroat Competition
An intense form of competition in a market where competitors aggressively undercut each other's prices or use other aggressive tactics to gain market share.
Concentration Ratios
Measures that indicate the extent to which a small number of firms dominate an industry or market.
Concentration Ratio
A measure used to denote the market share or dominance of the largest firms within an industry, indicating the level of competition.
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