Examlex
What is the effect on the price and quantity of a product if both the demand and supply simultaneously increase?
Cheating On Agreements
The act of knowingly violating the terms of an agreement or contract, often to gain an unfair advantage or benefit.
Cartels
Formal agreements among competing firms to control prices or exclude entry of a new competitor in a market.
Entry Barriers
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Collusion
An agreement between two or more parties, often in a secretive manner, to limit open competition by deceiving or defrauding others of their legal rights, or to obtain an objective forbidden by law, typically by defrauding or gaining an unfair market advantage.
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