Register
A group of firms that agree to work together to discourage competition
47.4k views
12 votes
A group of firms that agree to work together to discourage competition

User Danil Prokhorenko
by
7.6k points

1 Answer

11 votes

Answer:

A cartel

Step-by-step explanation:

the situation in which firms act together to reduce output and keep prices high and behave like a monopoly, a situation known as a cartel.

User Akshat Zala
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
How did world war 1 affect the racial and ethnic makeup of american cities
What was an effect of nationalism in Europe in the early 1900s?
Link Copied!