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A syndicate is an/a


A syndicate is an/a


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

The correct answer is B.

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