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WAEC Commerce 2025 Question 8

Question 8

Business Combinations

An organization formed to control prices of commodities by restricting the quantity supplied is a

  1. A.trade union.
  2. B.trade association.
  3. C.cartel.
  4. D.consortium.
Show the answer and explanation

Answer: C (cartel.)

Explanation

A cartel is an agreement among producers to limit output and so control prices.