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Proponents of comparable worth policies argue that the gap between women's and men's average wages results from
Horizontal Merger
A merger between companies that operate in the same industry, often leading to consolidation in the market.
Herfindahl Index
A measure of market concentration, calculated by squaring each company's market share in the industry and then summing the squares.
Market Power
The ability of a company or entity to influence the price and output levels in a market.
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