The major economic objective of cartels is to
A)impose their political will on others.
B)restrict output, push up price, and increase profits.
C)reduce costs.
D)develop new ways of doing things.
E)b and d

Question

Quizplus · Accepted Answer

Cartels aim to restrict output and push up prices to increase their profits, rather than focusing on political influence, cost reduction, or innovation.

The Major Economic Objective of Cartels Is to