Examlex
The members of each basketball team wear numbers on the back of their jerseys. What scale of
Measurement are these numbers considered?
Price Fixing
An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.
Microsoft
A multinational corporation that specializes in the development, manufacturing, licensing, support, and sales of computer software, consumer electronics, and personal computers and services.
Antitrust Policy
Regulations and laws that encourage competition by limiting monopolies, preventing mergers that would restrict competition, and other business practices that would reduce consumer welfare.
Tacit Collusion
An unspoken, informal agreement among competitors to limit competition and keep prices high.
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