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EXERCISE 8.8 PRICE-FIXING We have used chocolate bars as a hypothetical example of an approximately competitive market. But in recent years, producers of best-selling chocolate

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EXERCISE 8.8 PRICE-FIXING We have used chocolate bars as a hypothetical example of an approximately competitive market. But in recent years, producers of best-selling chocolate bars worldwide have been accused of colluding with each other to keep prices high. Use the information in this articleto explain: 1. In what ways does the market for chocolate bars fail to satisfy

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