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Vitek1552 [10]
3 years ago
13

What is the primary means cartels use to control the price of the goods they produce

Social Studies
2 answers:
babunello [35]3 years ago
5 0

controlling supply levels

frutty [35]3 years ago
3 0

It is commonly understood in economics that competition lowers prices by having companies fight each other for the consumers earned dollars.

A cartel is, then, an organization that exists for the purpose of controlling the supply and production of an item in order to fix the price.

By eliminating competition, a cartel is able to dictate to the market what they believe is an acceptable or desirable price.


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Full Question :

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