Examlex
Find the LCD. Do not combine fractions.
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Covert Collusion
An agreement among competitors to limit competition and fix prices or output levels, done secretly to avoid detection by regulatory authorities.
Competitive Spectrum
The range of competition within a market, from monopolies to perfectly competitive markets, affecting pricing, innovation, and consumer choice.
Cartels
Organizations or associations formed by businesses in the same industry to regulate production, prices, and marketing of goods, often to restrict competition.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition.
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