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When firms discuss pricing strategies with each other
Influence
The process of affecting the thoughts, behavior, and feelings of another person.
Legitimate Power
Refers to the authority an individual holds as a result of their position or role within an organization, perceived as rightful by members.
Managers
Individuals who are responsible for planning, organizing, leading, and controlling an organization's activities to achieve its goals.
Right
This term in isolation is too broad; in a specific context, it could refer to an entitlement, legal protection, or moral principle that is recognized and upheld in a social system.
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