Examlex
Which of the following is NOT a function performed by juries?
International Copper Cartel
An agreement among some of the world's major copper-exporting countries to limit supply in order to maintain or increase copper prices.
Kinked-Demand Model
A model in oligopoly markets, suggesting that firms might face a demand curve that has a sharp bend or "kink" at the current price, leading to sticky prices.
Price Rigidity
The situation in which prices do not change quickly in response to changes in demand or supply, remaining static despite market pressures.
Price Leadership Model
A market situation in which one leading company sets prices that other companies in the sector follow.
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