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Which of the following statements are true? Multiple select question. OPEC is a prime example of an organization that uses price-fixing. The idea behind price-fixing
Which of the following statements are true? Multiple select question. OPEC is a prime example of an organization that uses price-fixing. The idea behind price-fixing is to set prices at a level lower than equilibrium prices in competitive markets. Price-fixing is illegal in almost all developing countries. Companies can only be charged with price-fixing for domestic sales. Informal or unspoken agreements to fix prices may be considered illegal
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