Cooperative strategies pursued by firms include:

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Joint ventures involve two or more firms forming a new entity to pursue a specific business objective. This strategy allows firms to pool resources, knowledge, and expertise while sharing the risks of the venture. Trend analysis is a tool to analyze past data to identify patterns and predict future outcomes, and it is not a cooperative strategy pursued by firms. Mergers and acquisitions involve combining or acquiring another firm, which may or may not be cooperative, and do not necessarily involve the formation of a new entity.

Cooperative Strategies Pursued by Firms Include