A syndicate is an/a ____________
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- A Association formed by the joining together of firms which were previously independent
- B Association of firms at the same stage of production, formed for the purpose of keeping up prices
- C Association of firms for the regulation of output and prices
- D Combination of firm which carry on the same kind of business such as retailing
- E Company that controls one or more other companies by holding majority of their shares
Correct Answer: Option B
Explanation:
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