A combination of political or economic organizations that act to limit competition among themselves is a

Name: A combination of political or economic organizations that act to limit competition among themselves is a
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Question

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A cartel is a group of economic organizations that work together to limit competition among themselves. They do this by setting production quotas and agreeing to fix prices. This allows them to maintain higher prices and profits than they would be able to achieve in a competitive market.

A Combination of Political or Economic Organizations That Act to Limit