An Association of Producers That Fixes Common Prices and Output

question 19

Multiple Choice

An association of producers that fixes common prices and output quotas is known as a

• A) cartel.
• B) common selling organization.
• C) joint-marketing arrangement.
• D) trade association.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Acculturative Stress

Stress resulting from the need to change and adapt a person’s ways to the majority culture.

Nigeria

A country in West Africa, known for its diverse cultures, languages, and significant natural resources, including oil and gas.

New York

A state in the northeastern U.S., known for its cultural, financial, and media influence globally, with New York City as its largest and most famous city.