Examlex
Which of the following defines an ecosystem?
Industry
It refers to the collection of businesses and operations involved in the production, manufacturing, or distribution of goods and services in a specific sector.
Four-firm Concentration Ratio
A metric that shows the total market share controlled by the four largest firms within an industry.
Pure Competition
A market structure characterized by a large number of small firms, similar products, and free entry and exit, leading to perfect competition.
Oligopoly
A market structure dominated by a small number of large firms, leading to limited competition and often strategic behavior among firms.
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