1 answer

N association of producers that fixes common prices and output quotas is known as a A....

Question:

n association of producers that fixes common prices and output quotas is known as a

A.

​joint-marketing arrangement.

B.

common selling organization.

C.

trade association.

D.

cartel.


Answers

Ans: (D) Cartel

In cartel, firms common prices of their good and also put restrictions on the supply of their goods in the market so that price remains high in the market, which raises their profit margins.

.

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