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A syndicate is an/a

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Commerce NECO 2001

A syndicate is an/a

  • association formed by the joining together of firms which were previously independent
  • association of firms at the same stage of production, formed for the purpose of keeping up prices checkmark
  • association of firms for the regulation of output and prices
  • combination of firm which carry on the same kind of business such as retailing
  • company that controls one or more other companies by holding majority of their shares

The correct answer is: B

Explanation

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