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Identify/define and explain the significance of the following: William III.
Price-fixing
An agreement among competitors to raise, lower, or stabilize prices or competitive terms.
Collude Tacitly
The act of companies indirectly coordinating their actions, such as setting prices or output levels, without explicit agreement or communication, often to avoid legal penalties.
Horizontal Mergers
The combination of two or more firms operating at the same level of the supply chain in the same or different industries, potentially increasing market share and efficiency but also raising antitrust concerns.
Vertical Mergers
Mergers between companies in different stages of production or distribution within the same industry.
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