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A second grade student wrote a paragraph in which she varied the length of her sentences to express action. Her classmates applauded the flow of her writing when she read the story aloud. The work of this young writer showed that she:
Price Leadership
A situation in a market where one leading company sets the price of goods or services, and other companies in the market follow.
Tacit Collusion
A form of collusion among competing firms in an industry to raise prices or slow production informally without a direct agreement.
Price Leadership
A pricing strategy where a dominant firm in the market sets the price of goods or services, and other competitors follow.
Tacit Collusion
An unofficial agreement among competitors to limit competition and keep prices high, without explicit communication or legal contracts.
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