Examlex
At your university, students can take more than one class, and each class can have more than one student. This is an example of what kind of relationship?
Tacit Collusion
An unspoken, implicit agreement among competitors to not compete aggressively, often leading to higher prices and less competition without explicit communication or agreements.
Price Leadership
A pricing strategy where one leading company sets the price of products or services, and other competitors in the market follow.
General Motors
An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.
Price Leadership
A situation where the leading firm in an industry establishes the price of products or services, and competitors follow.
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