Exhibit 17-1
You are given the following information about items A, B, C, and D. 
-Refer to Exhibit 17-1. The price relative for item A in 2010 (use 2005 as the base year) is
Definitions:
Oligopolists
Refers to firms or entities within an industry where a small number of companies control a large majority of the market share.
Oligopoly
A market structure dominated by a small number of large firms, leading to limited competition and often high prices for consumers.
Perfect Competition
A theoretical market structure characterized by a complete absence of rivalry among the individual firms.
Monopoly
An economic setup where there is only one provider offering a distinctive item for sale.
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