Examlex
What do sociologists call it when members of groups are influenced by other members?
Rivals' Reactions
In business strategy and economics, the anticipated responses or actions of competing entities in reaction to a company's decisions or changes in the marketplace.
Game Theory
Analyzes the choices made by rival firms, people, and even governments when they are trying to maximize their own well-being while anticipating and reacting to the actions of others in their environment.
Oligopolistic Industries
Industries dominated by a small number of firms, leading to competitive conditions that fall between a monopoly and perfect competition.
Industrial Concentration
A measure of the extent to which production in an industry is dominated by a few large firms.
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