Examlex
Explain the relationship between the terms data and information.
Cartels
An association of independent firms or individuals that works together to control prices, limit supply, or restrict competition in a particular market, often illegally.
Cartels
Groups of independent market participants who collude to control prices and output in a particular market, typically to restrict competition.
Illegal
Refers to actions or activities that are prohibited by law.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.
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