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Reika [66]
3 years ago
5

A loose arrangement of similar businesses formed to control production and keep prices high is called?

History
1 answer:
alina1380 [7]3 years ago
8 0
A loose arrangement of similar businesses formed to control production and keep prices high is called a cartel. this kind of arrangement is formed to keep the prices of the manufactured products high and maximize the profit margin. This is also done to stop a new competitor from entering the market. I hope the answer helps you.
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