Examlex
Who is most likely to experience goal shielding?
Game Theory
The study of how people behave in strategic situations.
Colluding Oligopolist
Firms in an oligopoly market structure that secretly agree to set prices or limit production to maximize joint profits, acting against free market principles.
Oligopolistic Firms
are companies operating in a market structure characterized by a small number of firms controlling a large market share, leading to limited competition.
Rival Firms
Companies that compete against one another in the same market for consumers or resources.
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