Examlex
What does "conclusions are inevitably important to the researcher" mean?
Informal Understandings
Unofficial agreements or practices among firms or individuals that dictate behavior without being legally binding.
Collusive Oligopoly
A market situation where a few firms dominate and agree, formally or informally, on prices or production levels to minimize competition.
Limit Pricing
A strategy used by monopolies or market leaders to set prices low enough to deter new entrants into the market.
New Rivals
refers to competitors that enter a market and challenge existing firms with their products, services, or business models.
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