Examlex
The rules of threes: If the crying goes on for more than three hours a day,over more than three days at a time,and for more than three weeks,then the infant is ____.
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.
Quantity Effect
the change in the quantity of goods sold or consumed as a result of a change in price, holding other factors constant.
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