Examlex
The practice of one company tacitly setting prices for the industry as a whole is:
Virtual Organization
An organization that operates primarily through electronic communication without a fixed physical location.
Multidivisional
A structure involving multiple, semi-independent divisions within an organization, each focused on a specific aspect of the organization's operations.
Multinational
Referring to a corporation or an entity that operates in multiple countries around the world.
Network
A group or system of interconnected people or things.
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Q308: A profit-maximizing monopoly will never set price