Examlex
The winner-take-all system stymies the success of third parties on a national scale.
Price Taker
Firm that has no influence over market price and thus takes the price as given.
Competitive Firm
A company operating in a market where it must compete with other firms for customers, often leading to innovation and efficient practices.
Market Price
The ongoing market rate for buying or selling an asset or service.
Highly Competitive
A market structure characterized by a large number of small firms, free entry and exit, and a high level of competition where no single firm can significantly influence market prices.
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