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During the 1950s Sheldon advanced a theory that drew a correlation between personality types and criminal behaviour.
Cartel
A group of independent market participants who collude to increase prices and limit output in order to maximize their collective profits.
Marginal Cost
The hike in cost resulting from the creation of one more unit of a product or service.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to higher prices and restricted supply.
Marginal Cost
The hike in overall financial outlay due to producing an extra unit of a product or service.
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