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Which statement characterizes the attitude toward market competition that prevailed among industrial firms during the late 19th and early 20th centuries in Europe and the

Which statement characterizes the attitude toward market competition that prevailed among industrial firms during the late 19th and early 20th centuries in Europe and the United States? a. Fierce competition convinced business leaders to form price-fixing pools, cartels, and trusts b. Fierce competition convinced business leaders to seek government regulation of prices and output c. Sluggish market conditions convinced business leaders to invest huge sums in scientific research

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