An agreement among two or more business organizations to limit competition among themselves in certain specified ways, such as limiting production, fixing prices, etc. is called

A cartel is a formal agreement among competing businesses to limit competition by controlling production, fixing prices, dividing markets, or restricting output. Cartels are typically formed to maximize collective profits by reducing competitive pressures. Monopoly (A) refers to a single seller dominating a market, not an agreement between competitors. Oligarchy (B) refers to political rule by a small group, not economic arrangements. Hoard (D) means collecting or storing goods, not a competitive agreement.