Examlex
The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The cost of a gallon of gasoline was $2.25 in 2005 when the CPI equaled 1.68. The real cost of a gallon of gasoline between 1972 and 2005:
Market Shares
The segment of the market in which a particular company or product holds dominance.
Competitive Spectrum
The range of competition in a market, varying from monopolies to perfect competition.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often to maximize their own profits at the expense of consumers.
Oligopolists
Firms or entities that are part of a market structure where a small number of companies or sellers dominate the supply of a particular product or service.
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