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Cartel
Market in which some or all firms explicitly collude, coordinating prices and output levels to maximize joint profits.
Price Strategies
Techniques used by companies to price their products or services with a view to maximizing profits or market share.
Marginal Revenue Function
The rate at which total revenue changes with respect to the output quantity change.
Marginal Costs
The added cost that comes from producing an additional unit of a product or service.
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