Multiple choice

'Cartel' is the European term for:

  1. Trunk

  2. Trust

  3. Triump

  4. Tread

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In economic and legal history, a 'cartel' is an agreement between competing firms to control prices or exclude entry of a new competitor. In European terminology, this was often referred to as a 'trust' or monopoly arrangement.