Examlex
During a local and national survey by the University of Cincinnati,researchers asked individuals whether they favored passage of the Monetary Control Bill and found that
Few Firms
In markets characterized by few firms, also known as oligopolies, a small number of companies dominate the industry, leading to limited competition.
Prime Rate
The interest rate that banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Covert Collusion
A secret agreement between firms to fix prices or divide the market to limit competition, which is illegal in many jurisdictions.
Oligopolist
A market participant in an oligopoly, a market structure with a small number of firms dominating the industry.
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