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Within a typical union structure, the greatest power and authority lies with:
Full Cost
The total cost of producing a product or service, including all direct, indirect, fixed, and variable costs.
Price-Fixing Contracts
Agreements between competitors to set prices at a certain level, which is illegal in many jurisdictions because it undermines free market competition.
Competition
The rivalry among businesses to attract customers and achieve market dominance.
Quoting Prices
The action of providing a prospective customer with a price at which a seller agrees to sell goods or services.
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