What is the PRIMARY means cartels use to control the price of the goods they produce? A.) lobbying legislatures B.) buying out competitors C.) controlling supply levels D.) incr…

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asked Nov 25, 2020 227k views

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Deepika Janiyani · Answer 1 · 2020-11-26T15:32:27+0000

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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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What is the PRIMARY means cartels use to control the price of the goods they produce? A.) lobbying legislatures B.) buying out competitors C.) controlling supply levels D.) incr…

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