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Commerce · Q1459

Economics

Graduate and Post Graduate · Commerce · question 1459

Q1459

Assume that the leading firms in an industry combine to carry out a common policy in their interests, but that they keep their own, separate identities. Such a combination is usually known as a

A.
trust
B.
cartel
Answer
C.
joint-Stock company
D.
pure monopoly

Answer: Option B

Solution

Answer: Option B
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