ecomonices?

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If all six suppliers of cement to Metropolis all agree to establishes a price of $45 per ton, this would be
a. legal contract
b. price discrimination
c. cost-plus pricing
d. a cartel
e. beneficial to consumers

2007-05-22 07:06:15 · 3 answers · asked by jn1 1 in Social Science ➔ Economics

3 answers

ill join the bandwagon d a cartel
But they are right a cartel is when a group of suppliers establish a price and quantity restrictions to keep higher prices in a specific industry, like for diamonds

2007-05-23 10:14:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋

A cartel

2007-05-22 07:15:43 · answer #2 · answered by Rob Lowe 2 · 0⤊ 0⤋

d. a cartel

2007-05-22 07:45:56 · answer #3 · answered by Giggly Giraffe 7 · 0⤊ 0⤋