A group of nations or companies that band together to act as a monopoly is known as a
A) conglomerate.
B) licensor.
C) cartel.
D) multinational.
E) licensee.

Name: A group of nations or companies that band together to act as a monopoly is known as a A) conglomerate. B) licensor. C) cartel. D) multinational. E) licensee.
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Question

Quizplus · Accepted Answer

A cartel is a group of firms or nations that agrees to act as a monopoly and not compete with each other to generate a competitive advantage in world markets.

A Group of Nations or Companies That Band Together to Act