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Price Increase
The rise in the cost of goods or services over time or due to market conditions.
Price Cut
A reduction in the selling price of goods or services.
Oligopolistic Producer
A company that operates in a market with a small number of competitors, often characterized by mutual dependence.
Non-collusive Oligopolist
A firm within an oligopoly market structure that independently sets prices and output levels without coordinating with competition, avoiding illegal collaborative practices.
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