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Which of these is a group of producers working together to raise prices and increase profits?

  • Question 2b of 10 - Unfair business practices

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of these is a group of producers working together to raise prices and increase profits?
  • Answers:
  1. a labor union
  2. a cartel
  3. a trading bloc
  4. defense contractors

The correct answer is: a cartel. Cartels use price fixing and production limitation to increase the profits of their members.

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