Economics (AS & A Level) · Oct / Nov 2024 · Paper 33 · Question 9
9708Growth and survival of firms
A group of producers enter into an agreement to restrict supply or fix the price of a good. What does this describe?
- Aa cartel
- Ba conglomerate merger
- Ceconomies of scale
- Dhorizontal integration
As printed in the paper
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Correct answer: A. a cartel
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