Cartels are those ________________ .

which are functioning in a particular industry

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whose combined assets are worth more than

90 %

of total assets of the industry

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who control major chunk of the market

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whose combined profits are enormous

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Solution

The correct option is A which are functioning in a particular industry
When a group of firms in the same industry attempt to control the prices of a commodity through mutual restraint on production is called cartel.

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