Instructions: Please Use This Outline Map of the World to Answer

question 12

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Instructions: Please use this outline map of the world to answer the question(s).
Locate and label the following: Europe, the Aztec Empire, the Inca Empire, Africa, India, and China.

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Definitions:

Implicit Collusion

An understanding or arrangement among competitors where they cooperate indirectly by making similar business decisions without explicit agreement.

Cartel Activities

Actions taken by a group of independent market participants who collude to raise prices, limit supply, or control markets in some other way.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 that prohibits monopolistic practices and promotes competition.

Antitrust Laws

Legislation intended to promote competition and prevent monopolies and unfair business practices.