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Economies Of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically associated with efficiencies in production as output increases.
Collusion
An agreement between firms in a market to limit competition and manipulate prices or market conditions.
Game Theory
A theoretical framework for conceiving social situations among competing players and predicting their choices of action through mathematical models.
Oligopolists
Companies or entities that are part of an oligopoly, a market structure characterized by a small number of firms controlling a large market share, often leading to less competitive markets.
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