Examlex
The arrow shows the direction of the nerve impulse in a neuron. Part X would represent an)
Perfectly Competitive Market
A market in which all participants are price-takers.
Tacit Collusion
An unspoken, illegal agreement among competitors to avoid competing directly, often leading to higher prices.
Explicit Collusion
An overt agreement among firms within an industry to fix prices, limit production, or engage in other anticompetitive practices.
Tit-For-Tat
A strategy in game theory where a participant replicates an opponent's previous action, whether cooperative or competitive.
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