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Tondalayo, an Aztec virgin, is about to be sacrificed to the gods. She asks her pal, Quexlax, if it's really necessary that her still beating heart be ripped out. Quexlax replies, "Oh yes! There are three very good reasons: First, we must keep the volcano god happy-since we began sacrificing virgins, there hasn't been a single eruption. Second, if we abandon this ritual, then we'll begin to abandon other important rituals, like stonings, torture, and beheadings. Before long, we won't have any rituals at all.Third, the Chief says we must, so, of course, we must." What is the one fallacy below that Quexlax hasn't committed?
Industry
A category of economic activity related to the production of goods, provision of services, or extraction of resources.
Cutthroat Competition
A market situation characterized by aggressive competition, where companies compete intensely, often at the expense of profit margins.
Covert Collusion
An agreement among competitors to limit competition and fix prices or output levels, done secretly to avoid detection by regulatory authorities.
Competitive Spectrum
The range of competition within a market, from monopolies to perfectly competitive markets, affecting pricing, innovation, and consumer choice.
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