Examlex
Even when allowed to collude, firms in an oligopoly may choose to cheat on their agreements with the rest of the cartel. Why?
Business
An organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provide goods or services (outputs) to customers.
Senior Executives
High-ranking employees in a business who are responsible for making major corporate decisions, usually part of the company’s top management.
Criminally Prosecuted
The process of being charged with and tried for a criminal offense by legal authorities.
Basic Resources
Essential assets or inputs required for the operation of an organization, including natural resources, human resources, and capital.
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