Examlex
Determine if the equation specifies a function with independent variable x. If so, find the domain. If not, find a value of x
to which there corresponds more than one value of y.
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Cartel
A group of independent companies that collaborate to control prices and production in order to monopolize a market.
Oligopoly
A market structure dominated by a small number of large firms, offering similar or identical products, with significant barriers to entry for new competitors.
Joint Profits
The total earnings generated by two or more firms collaborating in a venture or partnership.
Marginal Cost
The uplift in total expenditure caused by the production of one more unit of a product or service.
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