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Discuss James Q. Wilson and George Kelling's law enforcement strategy.
Agreements
Arrangements or contracts between parties defining their rights, responsibilities, and relationships.
Kinked-Demand
A demand curve hypothesis in oligopolistic markets that explains why firms may not change their prices even when costs change, due to competitive reactions.
Oligopolist
A firm or business that is part of a market structure where a few companies dominate the industry, often leading to limited competition.
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