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Which of the following is an example of implicit collusion?
Market Equilibrium Price
The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.
Jazz Festival
A musical event focusing primarily on jazz music, often featuring performances by various artists.
Scalping
The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.
Free Trade
An economic policy that allows imports and exports between countries with minimal government interference or tariffs.
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