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The first step in solving an ethical dilemma is to
Cartel Arrangements
Agreements among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in anticompetitive behavior.
Oligopolists
Firms or individuals that control the market for a particular good or service in an oligopoly, where a small number of entities dominate.
Monopoly Power
The ability of a single seller to control market prices and total market output.
Collective Profit
The total profit earned by a group of entities or an industry, considering all its members.
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