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As a manager for your company some of your responsibilities include measuring metrics and overseeing company strategies. You observe some critical success factors and see large increases in productivity. What would you suspect would be the primary reason for the large increases in productivity?
Approximates
Nearly close or similar to something, indicating an estimation or a closely similar value to the actual.
Monopolistic Competition
A market structure characterized by many sellers offering products that are similar but not identical, allowing for some degree of market power.
Four-Firm Concentration
is a metric that measures the total market share held by the four largest firms within an industry, indicating the level of market concentration and competition.
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market.
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