Examlex
INSTRUCTIONS for questions 112-117: Match each description below with the term it best describes.
-Study of use and structure of time
Price-fixing
An illegal agreement among competitors to sell a product or service at a predetermined price, rather than letting market forces dictate pricing.
Regional Monopolies
Companies or entities that exclusively control the supply of a particular good or service in a specific geographic area.
OPEC Cartel
The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies and prices of petroleum.
World Supply
The total amount of a particular good or service that is available for purchase on the global market.
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