List the terms typically included in a credit offer.
monopolistic competition -A market structure in which many ﬁrms sell a diﬀerentiated product, entry is relatively easy, each ﬁrm has some control over its product price, and there is considerable nonprice competition product diﬀerentiation- A strategy in which one ﬁrm's product is distinguished from competing products by means of its d esign, related services, quality, location, or other attributes (except price). nonprice competition- Competition based on distinguishing one's product by means of product diﬀerentiation and then advertising the distinguished product to consumers. four-ﬁrm concentration ratio- The percentage of total industry sales accounted for by the top four ﬁrms in an industry. herﬁndahl index- A measure of the concentration and competitiveness of an industry; calc