Examlex
Chucky wants to steal a cookie from the refrigerator when his mother isn't looking, but doesn't do so for fear of being disciplined. Which of Kohlberg's levels is Chucky probably in?
Cartel
A group of independent market participants who collude to increase prices and limit output in order to maximize their collective profits.
Marginal Cost
The hike in cost resulting from the creation of one more unit of a product or service.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to higher prices and restricted supply.
Marginal Cost
The hike in overall financial outlay due to producing an extra unit of a product or service.
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