Examlex
Draw a rooted phylogenetic tree containing seven organisms labeled A to G. Label your tree with the following terms: branches, extant taxa, nodes, and an outgroup.
Collusion
Collusion is a non-competitive, secret, and sometimes illegal agreement between competitors to manipulate market conditions by coordinating prices, production, or marketing strategies.
Oligopoly
An economic scenario in which a few large companies control the majority of the industry, resulting in minimal competition and possibly increased prices for buyers.
Profit
The financial gain made in a transaction or operation, calculated as total revenues minus total costs.
Cartel
A group of independent market participants who collude to raise prices, limit supply or otherwise manipulate market conditions in their favor.
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