How Many People in America Have Net Worth in Excess

question 15

Multiple Choice

How many people in America have net worth in excess of $1 million?

• A) less than 100,000
• B) about 200,000
• C) about 500,000
• D) more than l,000,000

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Definitions:

Cartels

An association of independent firms or countries that agree to coordinate their production and pricing decisions to monopolize a market and maximize collective profits.

Collusive Agreement

A secret or illegal cooperation or conspiracy, especially between competitors, aimed at deceiving or gaining an unfair advantage in the market.

Dominant Firm

A company that has a major share of the market for a particular product or service, often able to influence market conditions.

Competitive Fringe

Small, less dominant firms in a market that compete at the periphery with the larger dominant firms, often by focusing on niche segments.