Cartels That Set Prices and Allocate Sales Among Their Member

question 121

Multiple Choice

Cartels that set prices and allocate sales among their member firms were commonly referred to in the late 19th century as

• A)conglomerates.
• B)trusts.
• C)monopolies.
• D)multinationals.

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Definitions:

IACs

International Advisory Committees, which are groups of experts from various countries providing advice and guidance on global issues or projects.

DVCs

This abbreviation can stand for "Dynamic Voltage and Frequency Scaling," an energy-saving technique in computing, but in economic terms, NO.

Infrastructure

The interconnected network of large-scale capital goods (such as roads, sewers, electrical grids, railways, ports, and the Internet) needed to operate a technologically advanced economy.

Entrepreneurial Class

A segment of society that is involved in or has the capacity to undertake new business ventures and innovate, often leading to job creation and economic development.