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Raise Prices
An action taken by sellers to increase the cost that buyers must pay for goods or services.
Joint Profits
The combined earnings or financial gains shared between two or more parties engaged in a business venture.
Competitive Markets
Markets characterized by numerous buyers and sellers, enabling competition that regulates prices and quality.
Oligopolistic Firms
Companies that operate in a market characterized by a small number of large sellers who have significant control over market prices.
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