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A group of firms that agree to work together to discourage competition
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12 votes
A group of firms that agree to work together to discourage competition

User Danil Prokhorenko
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1 Answer

11 votes

Answer:

A cartel

Step-by-step explanation:

the situation in which firms act together to reduce output and keep prices high and behave like a monopoly, a situation known as a cartel.

User Akshat Zala
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