Examlex
Which statement below best describes why action potentials travel in only one direction?
Long Run
When all costs become variable costs and firms can enter or leave the industry.
Covert Collusion
A secretive agreement among firms to fix prices, limit production, or divide markets, which is illegal and against regulatory policies.
Cut Throat Competition
An intense form of competition where businesses aggressively undercut each other's prices, often at the expense of profit margins.
Cartels
Agreements among competing firms in an industry to control prices, limit production, or divide markets, with the goal of maximizing collective profits.
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