Examlex
All of the following are steps in the scientific method EXCEPT
Competitive Spectrum
The range of competition within a market, from monopolies to perfectly competitive markets, affecting pricing, innovation, and consumer choice.
Cartels
Organizations or associations formed by businesses in the same industry to regulate production, prices, and marketing of goods, often to restrict competition.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition.
Business Firms
Organizations involved in the production, distribution, or sale of goods and services for profit.
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