Examlex
What is the Fisher effect?
Herfindahl Index
A measure of market concentration that sums the squares of the market share percentages of all firms within the industry, used to assess the level of competition.
Oligopolistic
Pertains to a market structure characterized by a small number of firms dominating the market, leading to limited competition and significant control over market prices.
Equal Percentage
A concept referring to an identical rate of change or proportionate adjustment applied across different quantities or values.
Five-Firm Industry
A market structure characterized by the dominance of the top five firms, often used as a concentration ratio to measure market competitiveness.
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