Examlex
A Virtual Law Office is a phrase used to describe
HHI
The Herfindahl-Hirschman Index, a measure of market concentration to assess the competition level among firms.
Identical Firms
Companies that produce the same products or services, have the same production techniques, and face the same costs and market conditions.
Unconcentrated
Describes a market structure with many competitors, none of which have a significant share of the market.
Collude
When two or more firms secretly agree to work together, often to set prices or market shares, in a way that distorts competition.
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