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Question

Which of the following forms of combinations includes a common sales syndicate or agency?

A
Trust
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B
Informal agreement
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C
Trade association
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D
Cartel
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Solution

The correct option is A Cartel
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to control the prices of purchased inputs.

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