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A loose arrangement of similar businesses formed to control production and keep prices high is called ____. a. a monopoly b. an oligopoly c. a cartel d. a trust
A loose arrangement of similar businesses formed to control production and keep prices high is called a CARTEL.
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User: A loose arrangement of similar businesses formed to control production and keep prices high is called ____. a. a monopoly b. an oligopoly c. a cartel d. a trust

Weegy: A) monopoly, oligopoly, monopolistic competition, pure competition [ ]
Expert answered|hachiko28|Points 74|

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Asked 5/27/2013 1:39:14 PM
Updated 5/28/2013 8:31:40 AM
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A loose arrangement of similar businesses formed to control production and keep prices high is called a CARTEL.

Added 5/28/2013 8:29:50 AM
This answer has been added to the Weegy Knowledgebase
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hachiko, please search for correct answers and do not copy from other Q&A sites. It's not advisable to get answers from Q&A sites as most of them are only guesses.
Also, you are going to receive your 2nd warning now for still not following the rules.

Please read the rules here:
Added 5/28/2013 8:31:40 AM
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