Examlex
An experimenter wanted to test the effects of cigarette smoking on rats. She infused the cages of 50 rats with cigarette smoke and the cages of another 50 rats with pure, clean air. The rats that received the clean air were the ____.
Cartel
A group of producers or vendors coming together to keep prices elevated and limit competition.
Perfectly Competitive
In a perfectly competitive market, numerous small firms sell identical products, and no single seller can influence the market price.
Game Theory
A theoretical framework for conceiving social situations among competing players and analyzing strategies in situations of conflict and cooperation.
Collude
To cooperate with others secretly or unlawfully to deceive or gain an unfair advantage, often in a way that is deceitful or fraudulent.
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