Ask Question
Social StudiesSocial Studies
23 October, 05:50

What is the primary means cartels use to control the price of the goods they produce

+2
Answers (2)
  1. 23 October, 06:06
    0
    It is commonly understood in economics that competition lowers prices by having companies fight each other for the consumers earned dollars.

    A cartel is, then, an organization that exists for the purpose of controlling the supply and production of an item in order to fix the price.

    By eliminating competition, a cartel is able to dictate to the market what they believe is an acceptable or desirable price.
  2. 23 October, 06:19
    0
    controlling supply levels
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the primary means cartels use to control the price of the goods they produce ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How did Minnesotans deal with the shortage of gas, rubber, and other materials?
Answers (1)
What form of government does the city of Austin, Texas have?
Answers (1)
16). Kate and Ashley report their manager to HR because they feel that they were denied a promotion because of their age. They are both 29 and William was promoted and he is 45. They are claiming age discrimination.
Answers (1)
Why aren't there large cities in the southeastern part of the Arabian Peninsula?
Answers (1)
Sociology and anthropology are sister sciences both founded on the key idea that societies cannot be analyzed by looking merely at individuals but instead must be analyzed by examining patterns of social behaviors.
Answers (1)
New Questions in Social Studies
A rectangular athletic field is twice as long as it is wide. If the perimeter of the athletic field is 90 yards, what are its dimensions?
Answers (1)
Who were the California's
Answers (1)
Which sentence best describes the narrator's purpose in writing this proposal? A. He is proposing a solution to the problem of English landlords unfair treatment of Irish tenants. B.
Answers (1)
Dr. macmillan has designed a test to measure mathematical ability in college graduates. in order to establish a norm against which individual scores may be interpreted and compared, she is presently administering the test to a large representative
Answers (1)
What geographic factors influenced Mesopotamia civilizations development
Answers (1)
Home » Social Studies » What is the primary means cartels use to control the price of the goods they produce
Sign Up Forgot Password?