Examlex
What do these images express?
Cartel
An association of manufacturers or suppliers that maintains prices at a high level and restricts competition by controlling the production and distribution of a product or service.
Marginal Cost
The additional cost incurred in producing one more unit of a good or service.
Industry Price
The general price level for goods or services within a specific industry, often influenced by market dynamics such as supply and demand.
Duopoly
A market structure dominated by two companies, resulting in limited competition.
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