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Cartel
An agreement among competing firms to control prices or production, typically to reduce competition and increase profits illegally or unethically.
Cost-Plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.
Multiproduct Pricing
Pricing strategies adopted by companies that sell multiple products and seek to maximize overall profits by considering cross-product price elasticity and cost structures.
Price Leadership
A situation where one dominant firm in an industry sets the price of goods or services, and other firms follow suit.
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