Examlex
The perception of Mach bands results from
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially higher prices.
Interdependent Firms
Companies whose strategies, actions or performances are mutually influenced or dependent on each other.
Barriers to Entry
Factors that make it difficult for new firms to enter a market, such as high start-up costs or strict regulations.
Oligopoly
A market form characterized by a small number of firms controlling a large market share, often leading to limited competition.
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