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What is a cartel?

  • Question 2a of 10 - Unfair business practices

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What is a cartel?
  • Answers:
  1. a government agency protecting the rights of consumers
  2. an association of labor unions working toward higher wages
  3. an organization of countries attempting to lower trade barriers
  4. a group of producers working together to raise prices and profits

The correct answer is: a group of producers working together to raise prices and profits. Cartels use price fixing and production limitation to increase the profits of their members.

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