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What is considered to be the most important element in a computer-based information system?
Cartels
Associations of independent businesses or organizations that agree to regulate production, pricing, and marketing of goods to maximize profits.
Winning Bids
Offers in an auction that outmatch all others, securing the auctioned item or service for the bidder.
Bid-rigging
An illegal agreement between parties to fix the outcome of a bidding process to benefit themselves at the expense of others.
Cartels
Formal agreements among competing firms to control prices or output in a particular market, often to monopolize a market.
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