Examlex
Which of the following is one of the micro level psychological components that underlies empowerment?
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially higher prices for consumers.
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.
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