Examlex
Samuel faces the challenge of intellectual disability. He has been working as a cashier in a convenience store for several years. He has learned to do relatively simple arithmetic as it applies to his job, and he can read well enough to understand the daily newspaper, but he cannot easily go beyond these tasks. Samuel is best described as having _____.
Price Fixing
Price fixing is an agreement among competitors to set prices of goods or services at a certain level, often illegally, to minimize competition.
Oligopolies
Market structures in which a few firms dominate the industry, often leading to limited competition and higher prices for consumers.
Outright Collusion
An openly cooperative effort among competitors to manipulate market prices, limit competition, or divide markets among themselves illegally.
Oligopolist
A market participant in an oligopoly, meaning they are one of a few firms dominating a particular industry, often influencing prices and market conditions.
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