Examlex
A new Apple iPad 5 is priced at $599.99 regardless of whether it is purchased in California or New York, or purchased at an Apple Store, online, or at Best Buy. This pricing policy is called:
Covert Collusion
A secret agreement between firms to fix prices or divide the market to limit competition, which is illegal in many jurisdictions.
Oligopolist
A market participant in an oligopoly, a market structure with a small number of firms dominating the industry.
Cigarette Industry
A sector focused on the manufacturing, marketing, and distribution of cigarettes, often scrutinized for health concerns related to smoking.
Local Water Company
A company responsible for providing water supply and wastewater services to a specific local area or community.
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Q191: The market testing stage of the new-product