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Two shipping companies, primarily involved with the transport for oil, decide to sign an agreement fixing their carrier prices. A court reviewing this conduct:
Reactants
Ingredients that are present from the start in a chemical reaction, getting used up as they generate the outcome products.
Equilibrium
The state in which both reactants and products are present in concentrations which have no further tendency to change with time, usually in a closed system.
Product
The result of multiplying two or more numbers together or the substances formed at the end of a chemical reaction.
Concentration
The measure of the amount of a sub-component (especially solute) in a solution, denoting how much of a substance is contained in a certain amount of another substance.
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