Examlex
Which one of the following was agreed upon and launched at the end of the Uruguay Round trade talks?
Collusion
A secretive agreement between parties to cooperate for fraudulent, illegal, or deceitful purposes, often noted in economics as companies conspiring to fix prices or manipulate market conditions.
Rival Firms
Companies that compete within the same market for customers by offering similar products or services.
Set Prices
Refers to the determination or establishment of the amount at which goods or services will be sold.
Game Theory
A branch of mathematics and economics that studies strategic interactions among rational decision-makers.
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