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If 7.63 g of an unknown gas occupies 79.1 mL at 25.02°C and 7.55 atm of pressure, what is the molar mass of the gas? The value of R = 0.0821 L atm mol-1 K-1.
Predatory Pricing
A strategy where a company sets very low prices to eliminate competition and establish a monopoly in the market.
Tacit Collusion
An unspoken, implicit understanding among competitors to avoid certain competitive behaviors, such as price cutting.
Quantity-fixing Agreements
involve deals or arrangements between competing businesses to restrict output levels, aiming to influence market prices or conditions.
Price-leadership Model
A market strategy where one dominating firm sets the price for its product, and other firms in the industry follow suit, often observed in oligopolistic markets.
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