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IO Economics
Industrial organization economics, the study of how firms' decisions about prices and quantities depend on the market conditions they face.
Competitive Advantage
The attributes or circumstances that allow an organization to produce goods or services better or more cheaply than its competitors, leading to a superior market position.
Industry Level
referring to the collective performance, trends, or characteristics of businesses within a specific sector of the economy.
High Barriers
Substantial obstacles or challenges that prevent or hinder entry into a market or industry.
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