A trade organization is an example of a ________.
A) cartel
B) joint venture
C) third-party linkage mechanism
D) collusion

Question

Quizplus · Accepted Answer

A trade organization serves as a third-party linkage mechanism by connecting various companies within the same industry, facilitating collaboration, setting industry standards, and sometimes lobbying for favorable regulations. It does not fit the definitions of a cartel, joint venture, or collusion, which involve more direct forms of cooperation or anti-competitive practices among businesses.

A Trade Organization Is an Example of a ________