French Economist Wins Nobel for Studies in Market Rules

market - n. a place or system in which goods are sold, bought or traded and where prices are decided

regulate - v. to make rules or laws that control something; to bring something under the control of an official group or authority

influential - adj. having the power to cause changes; to have influence

oligopoly - n. when a small number of companies control an industry

competition – n. a situation in which two or more individuals, groups or companies are trying to make greater gains that the others

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