The main objective of the members of a cartel is to
A) earn economic profits.
B) produce efficiently.
C) make the industry more competitive.
D) obtain a patent.

Name: The main objective of the members of a cartel is to A) earn economic profits. B) produce efficiently. C) make the industry more competitive. D) obtain a patent.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

The main objective of a cartel is to earn economic profits by colluding to restrict output and raise prices.

The Main Objective of the Members of a Cartel Is