Examlex
Wilson's Fourteen Points included all of the following principles EXCEPT:
Differentiated Product
A product that is distinct in some way from other products in the market, often through quality, design, or features, allowing it to stand out to consumers.
Collusion Methods
Strategies used by firms to set prices or output levels by agreement rather than through competition, often to maximize profits illegally or unethically.
Cartels
Coalitions of independent businesses formed to regulate production, pricing, and marketing of goods to maximize collective profits.
Price Leadership
A market situation where one or more dominant firms set the price of goods or services, and other firms in the industry follow suit.
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