A cartel may be defined as:
A) a group of firms.
B) a group of monopolies.
C) a group of firms cooperating in regulating production and marketing so as to restrict quantity and fix price.
D) the vesting of the control of different corporations in a single one by the issue of stock of the controlling corporation in place of a majority of the stock of the others.
E) a business interest held by one firm for the benefit of the other.
Correct Answer:
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Figure
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