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Use Cramer's rule to solve the system of equations. If D = 0, use another method to determine the solution set.
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Covert Collusion
A secretive agreement among firms to fix prices, limit production, or divide markets, which is illegal and against regulatory policies.
Cut Throat Competition
An intense form of competition where businesses aggressively undercut each other's prices, often at the expense of profit margins.
Cartels
Agreements among competing firms in an industry to control prices, limit production, or divide markets, with the goal of maximizing collective profits.
Herfindahl-Hirschman Index
A measure of concentration calculated as the sum of the squares of the market share of each firm in an industry.
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