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The Rate in the Portion Formula Could Be Expressed as a Percent

question 54

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The rate in the portion formula could be expressed as a percent, decimal, or fraction.


Definitions:

Collude

To engage in a secret agreement or cooperation, especially with the intention of cheating or deceiving others.

Cartel

An association of independent businesses or countries that work together to control production, pricing, and marketing of goods to monopolize a market.

Monopoly

A firm that is the sole seller of a product without any close substitutes.

Game Theory

The study of how people behave in strategic situations

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