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Cutthroat Competition
An extremely competitive market situation where competitors use aggressive tactics to undercut each other's prices, leading to very low profit margins.
Sticky Prices
A situation in economics where the prices of goods and services are slow to respond to changes in the supply and demand.
Herfindahl-Hirschman Index
A measure of market concentration to assess the level of competition within an industry.
Degree of Concentration
A measure of the extent to which a small number of firms or entities dominate in a particular market or industry.
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