Question 84
Business CombinationsWhich of the following is formed with a view to fixing output for members so that price is maintained at a high level?
- A.Price Control Board
- B.Chambers of Commerce
- C.Cartels
- D.Holding Companies
- E.Trade Union
Show the answer and explanation
Answer: C (Cartels)
Explanation
A cartel is an agreement among firms to limit output or fix prices.