Question

Which choice BEST describes the way a cartel functions?

A) A large company buys up its competition to gain control of the market.
B) A large outside company buys controlling interests in a number of smaller competitors.
C) A group of companies, which controls a large market share, cooperate on production and pricing.
D) A government agency, acting in the public interest, breaks a large company into several smaller ones.

Answer 1

A group of companies, which controls a large market share, cooperate on pricing. A classic example is OPEC (the Organization of Petroleum Exporting Countries), which meets regularly to set pricing strategies, though the companies involved are theoretically competitors.

Answer 2

Answer: I believe it is C and here's why

Step-by-step explanation:

Alright so aside from the big bad taco boys and their cartels a business cartel is when a few producers decide to cooperate with each-other. So that means there's more than one (duh, yeah yeah I know) the only one stating there is more than one is c, C as in cartel (I know pure genius)