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Sagot :
Final answer:
Price-fixing involves firms agreeing to increase prices and limit competition, sometimes through informal means.
Explanation:
Price-fixing refers to a group of firms colluding to increase prices and restrict competition. An example of this is the Great Electrical Conspiracy involving GE and Westinghouse. Price-fixing can also occur through tacit agreements without formal collusion.
Learn more about Price-fixing here:
https://brainly.com/question/35836761
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