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Dmitrij [34]
3 years ago
5

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one​ day, nancy and chu

ck get together and decide to drastically raise their prices. this is an example of​ _______.
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

<span>Price fixing</span>

This is a practice whereby rival companies or participants in a similar  market reach an illicit agreement not to sell goods or services below a certain price or maintain the market conditions such that the price is fixed at a certain point.

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