An association of voluntary organizations that work together for a common aim while retaining their independence is a?

By: |Published on: Dec 12|Categories: Commerce JAMB| 0 comments

A. syndicate
B. merger
C. cartel
D. consortium

Correct Answer:

Option C – cartel

Explanation

Cartel: is a group of independent market participants, whose goal is to improve their profits and/or market position by reducing their mutual competition.

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