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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.
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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.

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A CARTEL is a formal agreement among competing firms. Members may agree on such matters as price fixing, total industry output, market shares, etc.
User Polarise
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Answer: Cartel

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