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Galina-37 [17]
3 years ago
14

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

Advanced Placement (AP)
1 answer:
mariarad [96]3 years ago
7 0

Answer:

controlling supply levels

Explanation:

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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