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GCE Commerce 1990 Question 85

Question 85

Business Combinations

The main object of a cartel agreement is to control

  1. A.output to maintain price
  2. B.directors to achieve higher profits
  3. C.workers to increase output
  4. D.requirement to cut cost
  5. E.shareholders to maintain shares
Show the answer and explanation

Answer: A (output to maintain price)

Explanation

Cartel members limit output so as to keep prices up.