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e. The Herfindahl index (also known as Herfindahl–Hirschman Index, HHI, or sometimes HHI-score) is a measure of the size of firms in relation to the industry they are in and is an indicator of the amount of competition among them. Named after economists Orris C. Herfindahl and Albert O. Hirschman, it is an economic concept widely applied in ...
The existence of oligopoly requires that a few firms are able to gain significant market power, preventing other, smaller competitors from entering the market. One source of this power is increasing returns to scale. Increasing returns to scale is a term that describes an industry in which the rate of increase in output is higher than the rate ...
market form in which a market or industry is dominated by a small number of sellers
It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. [1] It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". [2] In legal terms, all acts effected by collusion are considered void.
Category: Journalism. v. t. e. Media graphic showing the 2019 ownership of mass media groups in the United States. Concentration of media ownership, also known as media consolidation or media convergence, is a process wherein fewer individuals or organizations control shares of the mass media. [1]
Google, Amazon, Apple, Meta, and Microsoft, the Big Five tech companies. Big Tech, also known as the Tech Giants, are the largest information technology (IT) companies. The concept of Big Tech is similar to the grouping of dominant companies in other economic sectors. [1] It generally includes the Big Five tech companies in the United States ...
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few', and ἄρχω (árkhō) 'to rule, command') [1] [2] [3] is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics ...
