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Alika [10]
3 years ago
9

Which of these is a group of producers working together to raise prices and

Business
1 answer:
kramer3 years ago
6 0

Answer:

B. a cartel

Explanation:

A cartel is a group of independent producers who collude to promote and protect their trade interests. Large producers in the same industry form cartels to manipulate supply and fix prices. Through the cartel, the large producers set prices that guarantee maximum profits for their members. The cartel eliminates price competition among the major producers in the industry.

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