Examlex
A bond's yield to maturity varies from investor to investor because each investor has his or her own required return.
Individual Profits
The net earnings obtained by a person after subtracting all relevant expenses from their revenue.
Cartel
An association of manufacturers or suppliers created to maintain high prices and restrict competition.
Strategic Interactions
Actions taken by entities in which each one's success depends not only on their own actions but also on the actions of others.
Oligopoly
A market structure characterized by a small number of firms controlling a large majority of market share, often leading to limited competition and higher prices for consumers.
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