Examlex
When the value of a currency is determined mostly by demand and supply, but with occasional government intervention, the exchange rate system is defined as
Covert Collusion
Secret or concealed agreements between firms to fix prices, limit production, or divide markets, in order to increase profits illegally.
Demand Curve
A graphical representation of the demand schedule showing the inverse relationship between price and quantity demanded.
Oligopoly
A market structure characterized by a small number of firms that have significant control over market prices and competition.
Product Differentiation
The distinction between or among goods and services made in the minds of buyers.
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