Examlex
What is a mixed economy?
Two Firms
Refers to a market situation often analyzed in oligopoly models where only two companies dominate the supply in the market.
Industry
A group of companies that operate in a specific sector of the economy, producing goods or services.
Cartel
A group of producers that agree to control prices and output levels to maximize collective profits, often at the expense of competition.
Industry Profits
The total earnings of companies within a particular sector, after subtracting the costs of production and operation.
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