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An overwhelming desire for harmony in a decision-making group increases the probability of
Dominant Firms
Companies that possess a major share of the market and typically have considerable power to influence market conditions and prices.
Low Entry Barriers
Characteristics of a market or industry that make it easy for new companies to start operations and compete.
Homogeneous Oligopoly
A market structure characterized by a few firms producing identical or very similar products, leading to significant inter-firm competition.
Identical Products
Products that are exactly the same in every feature, often used in economic models of perfect competition.
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