Examlex
An industry characterized by a few interdependent firms and by barriers to entry is called:
Negotiators
Individuals involved in discussions aimed at reaching an agreement or resolving a conflict between two or more parties.
Collective Agreement
A written contract negotiated between an employer and a union representing the employees, outlining terms of employment, wages, and conditions.
Union
An organization formed to protect and advance the interests of its members, typically regarding labour conditions, wages, and benefits.
Bargaining Zone
The range within which two parties in a negotiation are willing to compromise in order to reach an agreement.
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