A(n)_____ can be best defined as a group of nations or companies that agrees to act together as a monopoly and not compete with each other in order to generate a competitive advantage in world market .

Question

Quizplus · Accepted Answer

A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. This definition fits the description of a group agreeing not to compete with each other to gain a competitive advantage.

A(n)_____ Can Be Best Defined as a Group of Nations