Examlex
________ is the use of the latest technologies in some sectors of the economy coupled with the use of outdated technologies in others.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their collective profit.
Strawberry Growers
Individuals or companies engaged in the cultivation and production of strawberries for the market.
Dominant Price Leader
A company that holds a significant market share and can influence the market price of a good or service.
Monopoly
A market structure characterized by a single seller who has exclusive control over a product or service, with no close substitutes.
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