n association of producers that fixes common prices and output quotas is known as a A....
n association of producers that fixes common prices and output quotas is known as a
A.
joint-marketing arrangement.
B.
common selling organization.
C.
trade association.
D.
cartel.
Homework Answers
Ans: (D) Cartel
In cartel, firms common prices of their good and also put restrictions on the supply of their goods in the market so that price remains high in the market, which raises their profit margins.
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n association of producers that fixes common prices and output
quotas is known as a
A....
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between...
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