An association of firms, producing similar commodities, formed in order to keep up prices by…

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
  • A.
    a chamber of commerce
  • B.
    a customs union
  • C.
    an amalgamation
  • D.
    a cartel
  • E.
    a combination
Correct Answer: Option D
Explanation
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