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In Agriculture, Where Firms Producing Similar Goods Are Often Located

Question 179

Multiple Choice

In agriculture, where firms producing similar goods are often located near each other, supervision of neighboring firm activity is fairly easy. When these firms come together formally to agree on price and restraint of output, their organization is called a(n)


A) collusive venture
B) cartel
C) cooperative
D) agricultural merger
E) conglomerate

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