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Fran finds that no matter what she does or how well she performs, she cannot get promoted above a certain mid-management position in her company. What is Fran most likely experiencing?
Oligopolists
Firms that are part of an oligopoly, a market structure dominated by a small number of large companies, leading to limited competition.
Elasticity of Demand
A measure of how sensitively the quantity demanded of a good responds to changes in other economic factors, such as price or consumer income.
Collusive Agreement
A secret or illegal cooperation or agreement between parties to limit competition and manipulate market conditions to their advantage.
Cartel
An association of independent businesses or countries that work together to control prices and limit competition in a specific market.
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