Examlex
Of three subcultures identified by Cloward and Ohlin, the criminal subculture is most relevant for understanding illicit drug use.
Price Effect
The impact on consumer behavior and market demand resulting from a change in the price of a good or service, influencing buying decisions.
Oligopolist
A firm or individual that is part of a market structure in which a few companies control the majority of market sales.
Collude
When two or more firms work together to control a market, set prices, or limit production, often in ways that defy competitive principles or regulations.
Competitive Market
A market with many buyers and sellers trading identical products so that each buyer and seller is a price taker.
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