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Fraud in the factum is not rape.
Oligopolistic Pricing
A pricing strategy adopted by companies in an oligopoly, where a few firms dominate the market and prices are often influenced by the actions of competitors.
Monopolistic Pricing
This refers to the practice by a monopolist to set prices higher than in competitive markets because they control a large portion of the market for a particular good or service.
Horizontal Demand
A market demand situation where a small change in price leads to a large change in quantity demanded, often indicative of a highly competitive market.
Elastic Demand
is a situation where the demand for a product or service significantly changes in response to a change in price.
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