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A __________ scheme individuals to earn profits by making a one-time payment (or recurring participation fee) and then recruiting others, who then, in turn, make

A __________ scheme individuals to earn profits by making a one-time payment (or recurring participation fee) and then recruiting others, who then, in turn, make payments and recruit others. Funds from new participants are used to pay recruiting commissions to earlier participants. Question 12 options: Pyramid Ponzi Economic Bubble Racket

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