Examlex
Yael's second grade class is about to have its picture taken for the school yearbook.The photographer asks everyone to line up with the shortest people in front and the tallest at the back.This is an example of
Cartel
An association of manufacturers or suppliers agreed upon restricting competition and controlling prices within a particular industry, often to maximize collective profits.
Cheat
The act of acting dishonestly or unfairly in order to gain an advantage, especially in a game, examination, or competition.
Collusion
A secret or illicit cooperation or conspiracy, especially between parties to deceive or defraud others, often used in the context of businesses agreeing on prices.
Marginal Cost
The expenditure involved in the production of one more unit of a product or service.
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