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Business, 26.10.2020 16:40 cristinanina

Suppose that R. J. Reynolds raises the price of cigarettes by 10 percent. Although they have no requirement or agreement to do so, the other cigarette firms decide to raise their prices accordingly. This situation is best described as:

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Suppose that R. J. Reynolds raises the price of cigarettes by 10 percent. Although they have no requ...

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