In the accompanying figure, item 6 indicates the ____.
Definitions:
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their collective profit.
Strawberry Growers
Individuals or companies engaged in the cultivation and production of strawberries for the market.
Dominant Price Leader
A company that holds a significant market share and can influence the market price of a good or service.
Monopoly
A market structure characterized by a single seller who has exclusive control over a product or service, with no close substitutes.
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