Examlex
What are the sources of earnings gaps?
Inelastic Demand
A market situation where the demand for a product does not significantly change with a change in price, indicating consumers’ lesser sensitivity to price changes.
Sub-Markets
Distinct segments within a larger market, often defined by consumers' preferences, product characteristics, or geographical regions.
Dominant Firm
A company that has a large market share in an industry, allowing it to set prices or conditions under which other firms operate.
Market Equilibrium
A situation where the supply of a good or service is equal to the demand for it, resulting in stable prices.
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