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Yesterday,Lorinda overheard a surprisingly unpleasant encounter between the manager of the hardware store where she works and a sales rep who sells a well-known line of tools.The rep insisted that his tools should be more prominently displayed and that a better assortment would mean more sales.The manager had other plans and told him so,and the conversation turned into a loud argument.What Lorinda observed was an example of:
Business Firms
Organizations involved in the production, distribution, or sale of goods and services for profit.
Large Firms
Companies that operate on a large scale, often having significant market power, extensive operations, and substantial revenues.
Collusion
An agreement between two or more parties, often competitors, to limit competition and manipulate prices or terms of trade to their advantage.
Industry
A group of companies or organizations involved in the production or supply of goods and services in a particular area of the economy.
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