Examlex
The members of a particular group are getting to know one another and attempting to reach an understanding of how each of them should act within the group.This stage of group development is called
Size Distribution
Refers to the variation in size among entities in a population, such as companies within an industry or incomes among individuals.
Market Power
The ability of a company or entity to influence the price or terms of products in the market to its advantage, often because of its size or market share.
Contestable Markets
Markets where entry and exit are costless or very low, making the market susceptible to potential competition.
Differentiates Oligopoly
A characteristic of oligopoly markets where few firms dominate and each firm tries to distinguish its product or service from those of competitors.
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