Examlex
If consumers believe the price of iPads will decrease in the future, this will cause the demand for iPads to decrease now.
Cartel Members
Individuals or entities that form an agreement to control prices and limit competition within a market.
Collusive Agreement
A secret or illegal cooperation or conspiracy, especially between businesses, to cheat or deceive others, typically by fixing prices or rigging markets.
Market Outcome
A result of interactions between buyers and sellers in a market, determining the price and quantity of goods or services traded.
Pure Monopoly
A market structure where a single seller sells a unique product in the market and no close substitutes exist.
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