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Name and describe the measures of central tendency.
Regulatory Agency
A governmental body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.
Government
The governing body of a nation, state, or community, responsible for creating and enforcing laws and policies.
Antitrust Laws
Legislation to prevent monopolies and promote competition, ensuring fair business practices.
Collusive Behavior
Actions among firms to limit competition, set prices, or otherwise interfere with free market operations, often illegally or in secret.
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