The main object of a cartel agreement is to control?
Answer Details
The main object of a cartel agreement is to control output in order to maintain price. A cartel is an agreement between firms or producers in an industry to coordinate their activities in order to achieve a shared goal, usually to restrict competition and increase profits. By limiting the supply of goods or services, the cartel can keep prices high, leading to increased profits for its members. Therefore, the main objective of a cartel agreement is to control output, which means controlling the amount of goods or services produced in the market. This allows the cartel to manipulate the market and charge higher prices, which benefits its members.