In a cartel
A)a vertically integrated company worked to monopolize all business in its industry.
B)independent enterprises worked together to control prices and fix production quotas.
C)independent associations of grocers cooperated to artificially drive down prices.
D)private militias orchestrated intelligence gathering to diminish the police powers of modern nation states.
E)dependent enterprises worked with an overseeing organization to lower tariffs.

Question

Quizplus · Accepted Answer

In a cartel, independent enterprises work together to control prices and fix production quotas. This allows them to reduce competition and increase profits. Cartels are often illegal, as they can lead to price fixing and other anti-competitive practices.

In a Cartel