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A system of commerce where several companies work together to control prices and limit competition is called a conglomerate. It is also called a monopoly if the same company owns each one of the competing companies.

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Wiki User

9y ago
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Wiki User

12y ago

A Cartel.

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Xavier Scott

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3y ago

Strike

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Q: A loose arrangement of similar businesses formed to control production and keep prices high is called a?
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