A(n) ________ is a group of producers that agree to control a particular market by limiting production and/or setting prices.
A) junta
B) cartel
C) production association
D) trade group
E) cabal

Question

Quizplus · Accepted Answer

A cartel is specifically formed to control the market by limiting production and/or setting prices. Junta refers to a group that takes control of a government, while production association and trade group are more broad terms that may not necessarily involve controlling the market in the same way that a cartel does. Cabal, while it may refer to a secretive or conspiratorial group, is not necessarily related to controlling a market.

A(n) ________ Is a Group of Producers That Agree to Control