Examlex
A sensitive ammeter is connected to a wire loop and placed within the magnetic field of a strong horseshoe magnet. The ammeter shows a deflection when:
Collusion
A secret or illegal cooperation or conspiracy, especially between parties to cheat or deceive others, commonly in the context of firms agreeing on prices or market shares.
Incentive To Cheat
The motivation or reason that drives individuals or organizations to break rules, norms, or agreements in order to gain an unfair advantage or benefit.
Oligopolists
Firms or entities that are part of an oligopoly, a market structure characterized by a small number of large firms dominating the market, leading to limited competition.
Non-collusive Oligopoly
A market structure where a small number of firms compete independently, without agreements or collusion between them.
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