The coordinated action by state or nonstate actors to control the production and distribution of a good to have influence over its market price is known as a
A) trade barrier.
B) cartel.
C) trading bloc.
D) regime.

Question

Quizplus · Accepted Answer

The coordinated action to control the production and distribution of a good is a characteristic of a cartel. A trade barrier is a measure used to restrict or limit trade between countries. A trading bloc is a group of countries that have formed an economic alliance. Regime refers to a system of government, not an economic concept.

The Coordinated Action by State or Nonstate Actors to Control