Ask Question
23 October, 05:50

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

+1
Answers (2)
  1. 23 October, 06:30
    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, 07:15
    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