Examlex
Raising the minimum drinking age and airing anti-drug commercials are examples of
Cartel
An association of independent businesses or countries that work together to control production, pricing, and marketing of goods to monopolize a market.
Monopoly
A firm that is the sole seller of a product without any close substitutes.
Game Theory
The study of how people behave in strategic situations
Competitive Markets
Markets in which there are many buyers and sellers so that each has a negligible impact on the market price of goods and services.
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