Examlex
Determine whether the matrix is regular.
Pure Monopoly
A market structure characterized by a single seller selling a unique product in the market, resulting in significant control over pricing and market supply.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, allowing them some power to set prices.
Oligopoly
A distinct form of market where only a few companies have significant influence over industry prices and competition.
Herfindahl Index
A measure of market concentration used to determine the competitive landscape by summing the squares of the market shares of all firms in the industry.
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