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Two groups of people were tested to determine whether garlic lowers blood cholesterol levels.One group was given 800 mg of garlic powder daily for four months and exhibited an average 12% reduction in the blood cholesterol.The other group was not given any garlic and after four months averaged a 3% reduction in cholesterol.The group that was not given the garlic was the __________ group.
Collusion
Collusion is a non-competitive, secret, and sometimes illegal agreement between competitors to manipulate market conditions by coordinating prices, production, or marketing strategies.
Oligopoly
An economic scenario in which a few large companies control the majority of the industry, resulting in minimal competition and possibly increased prices for buyers.
Profit
The financial gain made in a transaction or operation, calculated as total revenues minus total costs.
Cartel
A group of independent market participants who collude to raise prices, limit supply or otherwise manipulate market conditions in their favor.
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