Examlex
The nodules in the figure are
Oligopolist
A firm or individual that is part of a market structure in which a few companies control the majority of market sales.
Collude
When two or more firms work together to control a market, set prices, or limit production, often in ways that defy competitive principles or regulations.
Competitive Market
A market with many buyers and sellers trading identical products so that each buyer and seller is a price taker.
Strategic Interactions
The analysis of decision making in situations where two or more players (such as individuals or firms) must consider the potential reactions of others to their own actions.
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