select the correct answer.\ngogo gas and fab fuel are among the few large producers of gasoline in the…

select the correct answer.\ngogo gas and fab fuel are among the few large producers of gasoline in the country. along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. what is such an organization called?\na. collusion\nb. corporation\nc. partnership\nd. cartel

select the correct answer.\ngogo gas and fab fuel are among the few large producers of gasoline in the country. along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. what is such an organization called?\na. collusion\nb. corporation\nc. partnership\nd. cartel

Answer

Brief Explanations:

A cartel is an organization formed by producers to control output and prices. Collusion is the act of cooperating secretly, not the formal organization. A corporation is a legal - entity for business operations. A partnership is a business relationship between two or more people. Here, the formal organization of large gasoline producers to control output and price is a cartel.

Answer:

D. cartel