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In a two-tailed test, if the p-value is less than the probability of committing a Type I error, then:
Cartel
An association of manufacturers or suppliers designed to maintain high prices and restrict competition.
Collusive Agreement
An arrangement between two or more firms, usually covert, to limit competition and manipulate prices or market conditions to their advantage.
Restricting Output
involves limiting the production of a product or service to increase prices or maintain scarcity.
Limit-Pricing Strategy
A pricing strategy used by monopolies or dominant firms to set prices low enough to deter entry by potential competitors.
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