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Power produces strong psychological changes in power holders.
Oligopolized Industry
A market structure characterized by a few firms that have significant control over market prices and competition.
Large Firms
are corporations or enterprises that operate on a large scale, typically having extensive operations, numerous employees, and a wide reach of influence and market control.
Concentration Ratio
A measure of the market share held by the largest firms within an industry, used to determine the level of competition and market structure.
Price Wars
A competitive exchange among rival companies where prices are successively lowered to undercut competitors, often leading to reduced profit margins.
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