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A ________ is a formal agreement among competing firms. Members may agree on such matters as price fixing, total industry output, market shares, etc.

A ________ is a formal agreement among competing firms. Members may agree on such matters as price fixing, total industry output, market shares, etc.
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A ________ is a formal agreement among competing firms. Members may agree on such matters as price fixing, total industry output, market shares, etc.

User Robert
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In history we learned it was a treaty
User Christkv
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A formal agreement among competing firms is a Cartel.
User Uflex
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