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The fact that,historically,schooling has been mostly for elites is evident in the fact that the word "school" has the same root as the Greek word for
Cartels
Organizations of independent businesses formed to coordinate the production, pricing, and marketing of goods to monopolize the market and restrict competition.
Incentive to Deviate
A situation where a party has a profitable reason to diverge from a prescribed strategy or agreement.
Monopoly Output
The quantity of goods or services produced by a monopolist, characterized by the lack of competition and the ability to control prices.
Colluding Duopoly Firms
Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.
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