Examlex
If the mean of an IQ distribution equals 100, with a standard deviation of 15, then an IQ score of 85 is equivalent to a T score of 35.
Concentration Ratio
A measure used in economics to indicate the relative size of firms in relation to an industry as a whole, often used to represent the level of market concentration.
Oligopolization
The process of market concentration where a few large firms begin to dominate an industry, often leading to reduced competition and higher prices for consumers.
Game Theory
The study of how people behave in strategic situations.
Colluding Oligopolist
Firms in an oligopoly market structure that secretly agree to set prices or limit production to maximize joint profits, acting against free market principles.
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