Which of the following best explains 'supplier cartels'?
A) Agreements between a limited number of suppliers on pricing behaviour and the division of markets.
B) Agreements between a limited number of purchasers on pricing behaviour and the division of markets.
C) Agreements between a limited number of suppliers on pricing behaviour.
D) Agreements between a limited number of suppliers on the division of markets.

Question

Which of the following best explains 'supplier cartels'? 
A) Agreements between a limited number of suppliers on pricing behaviour and the division of markets. 
B) Agreements between a limited number of purchasers on pricing behaviour and the division of markets. 
C) Agreements between a limited number of suppliers on pricing behaviour. 
D) Agreements between a limited number of suppliers on the division of markets.

Quizplus · Accepted Answer

Supplier cartels are agreements between a limited number of suppliers on pricing behavior and the division of markets. These agreements are usually made to increase profits and reduce competition among suppliers.

Which of the Following Best Explains 'Supplier Cartels