An important feature of a cartel is that?
ECONOMICS
JAMB 1997
An important feature of a cartel is that?
- A. members do not reduce price below the cartel price
- B. each member has a fixed output above which it is not expected to produce
- C. a powerful member fixes the price at which others will sell
- D. membes fix the prices for their products
Correct Answer: B. each member has a fixed output above which it is not expected to produce
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