Examlex
Which of the following are characteristics of a proprietorship? I. Single owner
II) Limited liability
Competitive Spectrum
The range of competition in a market, varying from monopolies to perfect competition.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often to maximize their own profits at the expense of consumers.
Oligopolists
Firms or entities that are part of a market structure where a small number of companies or sellers dominate the supply of a particular product or service.
Prices
The amount of money or goods asked or given in exchange for goods or services.
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