A cartel is a group of consumers that tries to act together to increase their bargaining power.

Name: A cartel is a group of consumers that tries to act together to increase their bargaining power.
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Quizplus · Accepted Answer

A cartel is actually a group of producers or suppliers that tries to act together to decrease competition and increase their profits. It is illegal in many countries and typically involves price fixing, market allocation, and output restrictions.

A Cartel Is a Group of Consumers That Tries to Act