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- Allison Nederveld (Unlicensed)
- Avalon Gordy (Unlicensed)
Owned by Allison Nederveld (Unlicensed)
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Joint profit maximization
A behavior in which traders decide to cooperate in order to charge higher prices so as to obtain more profits. Examples are cartels (e.g. OPEC) and price leadership‐usually the large producers.