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Question
What kind of an influence did the cartels exercise on the markets in Germany?
What kind of an influence did the cartels exercise on the markets in Germany?
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Solution
The correct option is D Monopolistic
Cartels which are nothing but an association of rivals which means the agreement between enterprises in the same field of business based on contractual agreements. Their sole purpose was to exercise a monopolistic influence on the market. These powerful entities dominated and controlled the government.
Cartels which are nothing but an association of rivals which means the agreement between enterprises in the same field of business based on contractual agreements. Their sole purpose was to exercise a monopolistic influence on the market. These powerful entities dominated and controlled the government.
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