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Classical conditioning is based on
Collusively
Acting in a coordinated manner, often secretly, between firms to set prices or market conditions, usually to the detriment of competition.
Oligopolistic Firms
Companies that operate in a market structure characterized by a small number of firms dominating the market, leading to limited competition.
Pure Monopoly
A market structure where a single supplier dominates the market, offering a unique product with no close substitutes.
Cartels
Organizations of producers or suppliers who collaborate to control production, pricing, and marketing of a product to maximize collective profits.
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