A. cartel
B. collusion
C. haggling
D. specialization
Correct Answer:
Option A – cartel
Explanation
A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. It is a group of similar companies who agree prices between them in order to increase profits and limit competition
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…