Which of the following statements is true regarding a cartel?
A) Forming a cartel is illegal in the United States.
B) A cartel is a strategic alliance among two or more organizations that agree to establish and share the ownership of a new business.
C) A cartel is formed by companies to manage their symbiotic resource interdependencies.
D) Participating in a cartel decreases the richness of a company's environment.

Question

Quizplus · Accepted Answer

Forming a cartel is indeed illegal in the United States as it violates antitrust laws. Cartels are agreements among competitors to fix prices, limit output, and allocate markets, which harms competition and consumers.

Which of the Following Statements Is True Regarding a Cartel