Examlex
Sally must submit a form to enrol in her company's flexible medical benefits programme.Although she has been employed over a year,she has yet to complete the form.Which type of irrational behaviour does this represent?
Long Run
When all costs become variable costs and firms can enter or leave the industry.
Covert Collusion
A secretive agreement among firms to fix prices, limit production, or divide markets, which is illegal and against regulatory policies.
Cut Throat Competition
An intense form of competition where businesses aggressively undercut each other's prices, often at the expense of profit margins.
Cartels
Agreements among competing firms in an industry to control prices, limit production, or divide markets, with the goal of maximizing collective profits.
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