An agreement among firms on price and segmentation is ter...
An agreement among firms on price and segmentation is termed
Cartel
Collusion
Haggling
Specialization
Correct answer is A
A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. It is a group of similar companies who agree prices between them in order to increase profits and limit competition.
Which of the following statements describes a mixed economy? ...
An increase in the price of a commodity will result in ...
The elasticity of demand is given by ...
The interaction of supply and demands for labour determines ...
One of these is not an assumption of the cardinalist theory of utility? ...
The economic policy of deregulation is aimed at encouraging ...
The graph of the function X = a + bY is ...
Subsistence agriculture means ...
The Economic Community of the West African States (ECOWAS) is an example of ...
The demand for two or more commodities to satisfy a particular want is _____? ...