An agreement among firms on price and segmentation is ter...
An agreement among firms on price and segmentation is termed
Cartel
Collusion
Haggling
Specialization
Correct answer is A
A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. It is a group of similar companies who agree prices between them in order to increase profits and limit competition.
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The demand for a product is said to be price inelastic, if ...
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In which of the following business units are the owners mostly customers? ...