Examlex
Which of the following best represents a good proposal?
Output
The total amount of goods or services produced by a firm or an economy.
Overt Collusion
Overt collusion occurs when companies openly agree on prices, production levels, or market shares, in violation of free-market principles and often against the law.
Monopoly Profits
Monopoly profits refer to the extra earnings a firm accrues by being the sole supplier of a good or service with no close substitutes, allowing it to dictate market prices.
Industry
A group of manufacturers or businesses that produce a particular kind of goods or services.
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