Examlex
Which of the following is NOT an example of punishment?
1776
The year associated with the Declaration of Independence of the United States, marking its foundation.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to market inefficiencies and lack of competition.
Price Effect
The effect of a price change of a product or service on its supply or demand.
Oligopolist
A firm in an industry with only a small number of producers.
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