Examlex
Which of the following products would normally be classified as a shopping good or service?
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to market inefficiencies and lack of competition.
Price Effect
The effect of a price change of a product or service on its supply or demand.
Oligopolist
A firm in an industry with only a small number of producers.
Monopolist
A single seller in a market who has significant control over the supply of a particular good or service, often leading to less competition and higher prices.
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