Examlex
According to the text, which of the following choices correctly describes e-commerce?
Cartel Agreements
Formal agreements among competing firms in an industry to control prices, limit production, or divide markets, often illegal and against antitrust laws.
Oligopolies
Market forms in which a market or industry is dominated by a small number of sellers (oligopolists).
Competitive Outcome
The result achieved in a market where businesses vie for customers by offering better prices, quality, or services, leading to benefits for consumers.
Duopoly Outcome
The result or consequence of a market structure where two companies dominate the supply of a product or service.
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