Examlex
A standard against which a test or test score is evaluated is known as
Oligopolization
describes the process whereby a market becomes dominated by a few large companies, reducing competition.
Cutthroat Competition
An extremely aggressive competition where companies use strategies to undercut their rivals' prices.
Cartel
A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.
Concentration Ratio
Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.
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