An arrangement by independent firms to share th... - JAMB Commerce 2018 Question
An arrangement by independent firms to share the market of their products on quota basics Is referred to as
A
Cartel
B
Syndicate
C
Trust
D
Integration
correct option: a
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices
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