An arrangement by independent firms to share the market of their products on quota basics Is referred to as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
A cartel is an arrangement in which independent firms cooperate to control aspects of the market, such as prices, output or market shares. Sharing markets according to agreed quotas is a typical cartel practice.
A cartel is an arrangement in which independent firms cooperate to control aspects of the market, such as prices, output or market shares. Sharing markets according to agreed quotas is a typical cartel practice.