How does a cartel control prices?

1.Businesses agree to limit production.

2.Businesses agree to share ownership.

3.Businesses drive competitors out of business.

4.Businesses assign their stock to trustees.

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Sonal BahlLv10

18 Oct 2020

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A cartel differs from a monopoly in that ________

a. one corporation has complete control of a product or service.
b. businesses making the same product agree to limit production.
c. one firm sets the prices for all goods in an industry.
d. all the firms involved in the same business merge into one entity.

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