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Sam, Mike, and Maurice all own drywall companies. They want to be able to win every bid. They decide that one of them will submit

Sam, Mike, and Maurice all own drywall companies. They want to be able to win every bid. They decide that one of them will submit a low bid, while the other two submit higher prices. They take turns doing this, so each of them will get the job at some point in time. What is this called?

Group of answer choices

Monopolization

Bid Rigging

Price Fixing

Market Allocation

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