Examlex
List and define each of the five elements of internal control.
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market.
Oligopoly
A market structure characterized by a small number of firms whose decisions about production and pricing significantly affect the market.
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.
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