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When sea level is low
Monopoly Price
The price set by a monopolist, typically higher than in competitive markets, due to the absence of competition in supplying a good or service.
Collusive Agreements
Secret or illegal cooperation or conspiracy, especially between businesses, in order to deceive or gain an unfair advantage.
Barrier To Entry
Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and operate within a market or industry.
Market Entry
The process or strategy by which a company enters a new market or industry.
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