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Presidential popularity generally
Four-Firm Concentration Ratio
A measure of market structure that indicates the combined market share of the four largest firms in an industry, used to assess the level of competition.
Market Power
The ability of a firm or group of firms to manipulate prices or output in a market.
Excess Capacity
The situation where a firm or an economy is producing less than its potential output, often indicating inefficiencies or a lack of demand.
Monopolistic Competition
A market structure characterized by many firms offering products that are similar but not perfect substitutes, allowing for some degree of market power.
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