A government-supported cartel usually means:
A) lower prices.
B) higher quality of service.
C) more innovation.
D) higher prices.

Question

Quizplus · Accepted Answer

A government-supported cartel refers to a group of companies that have an agreement to collaborate on setting prices or controlling the production and distribution of a product or service. This arrangement allows the companies to avoid competition and maintain their market share, leading to higher prices for consumers.

A Government-Supported Cartel Usually Means