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14 February, 06:53

When two or more firms set prices or quantities in unison, economists refer to them as a:?

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  1. 14 February, 08:51
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    Based on the description above, they are being referred to as a cartel. A cartel is being defined or referred to a group of people who acts as an independent producers in which they have the job or achievement to increase profits with the use of different strategies.
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