Market demand shares refer to the proportionate distribution of total demand among different sellers in a particular market.
Market Share: This term refers to the proportion of total sales or revenue that a company holds in a specific market.
Concentration Ratio: This term measures the extent to which a few large firms dominate an industry by calculating the percentage of market share held by the largest firms.
Competitive Advantage: This term describes the unique strengths or qualities that allow a firm to outperform its competitors and gain a larger market share.
AP Microeconomics - 4.4 Monopolistic Competition
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