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In social psychology,the change in behavior resulting from the real or imagined presence of others is known as
Cartel
An association of independent businesses organized to control prices and production, restrict competition, and monopolize markets.
Price Leadership
A situation where the largest or most dominant company in an industry sets prices that other companies then follow.
General Electric
An American multinational conglomerate involved in various sectors including energy, aviation, and healthcare.
U.S. Steel
An integrated steel producer with major production operations in the United States and Central Europe.
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