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Univ Airlines and MiragoAirlines Are Two Competing Airlines

question 30

Multiple Choice

Univ Airlines and MiragoAirlines are two competing airlines.They make an agreement to charge customers a certain price for airfreight.This leads to the filing of several lawsuits against them by other airlines.In this scenario,the two firms most likely indulged in _____.​


Definitions:

MasterCard

A global financial services corporation that processes payments between banks of merchants and the card issuing banks for purchases made with credit and debit cards.

VISA

A global payment technology company that facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.

Multiple-Step Income Statement

A form of income statement that contains several sections, subsections, and subtotals.

Income from Operations

The earnings generated from the day-to-day activities of a business, excluding income and expenses from non-operational sources.

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