Examlex
A measure of sensitivity or responsiveness to changes in price or income is called:
Oligopoly
A market structure characterized by a small number of firms controlling a large portion of the market share, which gives them considerable power to set prices and influence market conditions.
Cartel
An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
Collusion
An agreement between rival firms to cooperate in a way that increases their profits, often by fixing prices or limiting production.
Group Profits
The combined earnings of a conglomerate or group of companies under a single parent corporation.
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