Examlex
________ acid is produced in a larger quantity than any other chemical in the United States.This chemical is used in the production of fertilizers,pigments,alcohol,paper and detergents.
Market Power
The ability of a company or group of companies to manipulate or control prices and total market output.
Oligopolistic
Pertaining to a market structure characterized by a small number of firms whose actions and policies can significantly impact the entire market.
Perfect Competition
A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and full information.
Monopolistic Competition
A market structure marked by many competing firms offering products or services that are similar, but not perfect substitutes.
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