Examlex
The form ________ view enables you to change advanced design settings.
Gentlemen's Agreements
Informal, non-binding agreements between parties based on honor and not legally enforceable.
Formal Cartels
An agreement among competing firms to control prices, production, and market distribution, which is often illegal.
Cartel
An association of manufacturers or suppliers that maintains prices at a high level by restricting competition and output.
Elasticity of Demand
A measure of how responsive the quantity demanded of a good or service is to a change in its price, indicating how changes in price influence consumer purchasing behavior.
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