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WAEC Commerce 1992 Question 97

Question 97

Occupation

A number of firms producing similar goods is called

  1. A.a consortium
  2. B.an industry
  3. C.a holding company
  4. D.a cartel
  5. E.a combine
Show the answer and explanation

Answer: B (an industry)

Explanation

An industry is a group of firms making similar products.