An organization of producers of similar products, which controls output with the intention to fix price is
An organization of producers of similar products, which controls output with the intention to fix price is a cartel. A
cartel is a group of independent market participants who collude with each other in order to improve their profits and
dominate the market. They do this by controlling the production and price of a product or service. The other options do
not accurately describe this type of organization.
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