Examlex
The process by which the image is stored in memory by scanning and converting by computer into an array of digital intensity values called picture elements is known as:
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.
Covert Collusion
Covert Collusion occurs when businesses secretly cooperate to fix prices, limit supply or engage in other anticompetitive practices without public or regulatory knowledge.
Price Leadership
A market situation where one leading company sets the price for goods or services, which other competitors in the market then follow.
Colluding Oligopolist
Firms within an oligopoly that agree to work together instead of competing, in order to control prices and dominate the market.
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