Which of the following could be a form of a cartel?

Open collusion

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Secret collusion

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Both (A) or (B)

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None of the above

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Solution

The correct option is B Both (A) or (B)
A cartel is an association of independent firms within the same industry. Cartel may be voluntary, compulsory and open or secret depending upon the policies of the government with the regard to their formation.

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