Examlex
Choose the correct word or words in parentheses.
-(What, Which)are some questions I should ask the admissions officer?
Collusive Agreement
A secret or illegal cooperation or conspiracy, especially between businesses, to cheat or deceive others, typically by fixing prices or rigging markets.
Market Outcome
A result of interactions between buyers and sellers in a market, determining the price and quantity of goods or services traded.
Pure Monopoly
A market structure where a single seller sells a unique product in the market and no close substitutes exist.
Cartel
Market in which some or all firms explicitly collude, coordinating prices and output levels to maximize joint profits.
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