Associations of producers that control supply and prices are called
A) cartels.
B) foreign direct investments.
C) business offices.
D) quotas.
E) independent agents.

Question

Quizplus · Accepted Answer

Associations of producers that control supply and prices are commonly known as cartels. They collude to restrict output and raise prices, thereby obtaining increased profits.

Associations of Producers That Control Supply and Prices Are Called