Examlex
A CEO and a CFO may be put in jail and pay personal fines if they misstate their company's financial records.
Oligopoly
A market structure in which only a few sellers offer similar or identical products.
Monopoly Outcome
A market situation where a single firm dominates production and sales, leading to potential inefficiency and higher prices.
Nash Equilibrium
A situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen.
Price Effect
The impact that a change in the price of a good or service has on consumer demand for that good or service.
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