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Oligopolistic Industry
A market structure characterized by a small number of firms that dominate the market, leading to competitive yet interdependent pricing and marketing strategies.
Collude Effectively
To engage in a secret agreement or cooperation among parties, often competitors, for a deceitful or illegal purpose, such as fixing prices or rigging markets.
Pure Monopoly
describes a market structure where a single company has exclusive control over the supply of a product or service, with no close substitutes.
Cartel Agreement
An arrangement among competing firms to control prices or output in a market, often to limit competition.
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