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

Lornova asked May 13, 2023

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Lornova asked May 13, 2023

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9 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.

Nfpyfzyf answered May 19, 2023

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