Organizations of sellers or buyers that agree to fix selling prices, purchase prices, reduce production, or exclude entry of a new competitor into their market are called cartels. Another descriptive term for this type of selling environment is

Organizations of sellers or buyers that agree to fix selling prices, purchase prices, reduce production, or exclude entry of a new competitor into their market are called cartels. Another descriptive term for this type of selling environment is

Organizations of sellers or buyers that agree to fix selling prices, purchase prices, reduce production, or exclude entry of a new competitor into their market are called cartels. Another descriptive term for this type of selling environment is




a) Bad trusts
b) Oligopolistic competitors
c) Back room deals
d) Shared monopolies.




ANS D


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