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Westside Manufacturing has just installed some new machines that are designed to do many different tasks and can be used to produce a variety of products.This indicates that Westside is moving toward:
Price Fixing
A restraint of trade in which two or more competitors agree to set prices for a product or service.
Category
A class or division of items or people with shared characteristics, used for purposes of organization, analysis, or classification.
Antitrust Law
Legislation aimed at preventing anti-competitive practices, monopolies, and other actions that restrict or distort market competition.
Economic Efficiency
A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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