Examlex
Cold sores or fever blisters are caused by the ________ ________ virus.
Collusion
The practice of firms to negotiate price and/or market share decisions that limit competition in a market.
Concentration Ratios
Concentration ratios are measures that indicate the extent of market control by the largest firms within an industry, reflecting the degree of market competition.
High Concentration
A situation in a market where a small number of firms hold a large market share, often leading to reduced competition.
Herfindahl-Hirschman Index
A measure used to evaluate the level of competition within an industry, calculated by squaring the market share of each firm within the industry and then summing the resulting numbers.
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