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One major reason trade associations standardize prices is to:

One major reason trade associations standardize prices is to:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Prevent destructive competition
  • B Eliminate consumer purchases
  • C Prevent industrial cooperation
  • D Reduce product awareness greatly
Correct Answer: Option A
Explanation:
Associations sometimes guide members on fair pricing practices to avoid unhealthy competition capable of damaging industries.

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